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Wix Beats Outlook on 2018 Third Quarter Revenues


Wix Beats Outlook on 2018 Third Quarter Revenues

The website building company reported revenues that were up 40% year-over-year and upgraded its outlook for the full fiscal year

CTech | 12:47  14.11.2018
Website building Ltd. published its third-quarter reports for the fiscal year 2018 on Tuesday, registering quarterly revenues of $155.6 million, up 40% year-over-year. Prior outlook for the third quarter stood at $152 million to $153 million. GAAP net loss was $5.9 million, making for loss per share of $0.12, or adjusted earnings per share of $0.39.

Wix projects revenues of $161 million to $162 million for the fourth quarter of the year. The company also updated its full-year outlook from $597 million to $599 million to the range of $601 million to $602 million.

Wix closed 3% up on Nasdaq Tuesday, and is currently down in pre-market trading.

Wix. Photo: PR Wix. Photo: PR Wix. Photo: PR

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