Wix Stock Soars as Q1 Earnings Crush Expectations: 5 Key Takeaways
WIXWix(WIX) investorplace.com·2024-05-20 22:26

Israeli website creator Wix (NASDAQ:WIX) beat earnings estimates, sending WIX stock up 20%. Wix earned 24million,41centspersharefullydiluted,onrevenueofalmost24 million, 41 cents per share fully diluted, on revenue of almost 420 million during the quarter. WIX stock opened today at 150pershare,amarketcapofover150 per share, a market cap of over 8 billion. That means shares are now up 27% for 2024. Why WIX Stock Popped WIX stock popped after the company raised its estimates for the rest of the year. It now expects revenue growth of 11-13% for 2024 and total revenues of $1.75 billion. T ...