— Wix.com Ltd. (NASDAQ: WIX) reported its third-quarter 2019 adjusted earnings of $0.41 per share versus $0.33 per share expected.
— Revenue grew by 26% to $196.79 million versus $197.63 million expected. The top line was impacted by changes in foreign exchange rates and a change in revenue mix in the quarter.

— Collections climbed by 26% to $205.86 million. The latest quarter was hurt by changes in FX rates.
— Net subscription additions of 114,000 bolster a solid base of over 4.4 million subscriptions, providing a source of sustainable and durable growth.
— Looking ahead into the fourth quarter, the company expects revenue to climb by 24-25% to the range of $204-206 million, and collections to jump by 26-28% to the range of $222-225 million.
— For fiscal 2019, revenue outlook is narrowed to the range of $761-763 million from the prior range of $761-765 million.
— Collections forecast for the full year is tightened to the range of $828-831 million from the previous range of $825-831 million.
— Free cash flow guidance is narrowed to the range of $124-126 million from the previous estimates of $123-126 million for the full year.
Most Popular
Does Unity Software (U) stock has more room to run?
Last month, the IPO market was in a full swing. IPOs of Snowflake (NYSE: SNOW) and JFROG (NASDAQ: FROG) had an impressive opening day in September, the former creating a
PepsiCo (PEP): Steady snacking habits amid pandemic drive strong quarter for beverage giant
PepsiCo Inc. (NASDAQ: PEP) beat market expectations on both revenue and earnings for the third quarter of 2020. The company saw the momentum continue in its snacks business while the
Does the virus-driven boom make Electronic Arts (EA) a good investment?
With more and more people turning to virtual entertainment sources, amid the virus-related movement restrictions, video game publishers like Electronic Arts (NASDAQ: EA) are witnessing unusually high demand. Not surprisingly,
One thought on “Wix.com (NASDAQ: WIX): Q3 2019 Earnings Snapshot”
Comments are closed.