Recap: Wix.com Q3 Earnings

Shares of Wix.com WIX were flat in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were down 134.15% over the past year to ($0.14), which beat the estimate of ($0.15).

Revenue of $254,180,000 rose by 29.16% from the same period last year, which beat the estimate of $249,910,000.

Outlook

The upcoming fiscal year's revenue expected to be between $972,000,000 and $977,000,000.

How To Listen To The Conference Call

Date: Nov 12, 2020

Time: 08:30 AM

ET Webcast URL: https://investors.wix.com/

Technicals

52-week high: $319.34

52-week low: $76.81

Price action over last quarter: down 7.49%

Company Profile

Wix.com Ltd is a cloud-based development platform provider for millions of registered users worldwide. The company is engaged in web development and management that provides an easy-to-use powerful cloud-based platform of products through a freemium model. Its core products consist of three web editors: the Wix Editor, intended for users with basic technological skills, Wix ADI, intended for novice users and Corvid, intended for more tech-savvy users. The company's web development technology is built based on HTML5 and offers HTML5 compatible capabilities, web design and layout tools, domain hosting, and other marketing and workflow management applications and services. The geographic segments include North America, Europe, Latin America, and Asia and others.