Wix.com: 3Q Earnings Snapshot
TEL AVIV, Israel (AP) _ Wix.com Ltd. (WIX) on Thursday reported a loss of $17.4 million in its third quarter.
The Tel Aviv, Israel-based company said it had a loss of 34 cents per share. Earnings, adjusted for stock option expense and amortization costs, came to 41 cents per share.
The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share.
The cloud-based web development company posted revenue of $196.8 million in the period, which missed Street forecasts. Eleven analysts surveyed by Zacks expected $197.7 million.
For the current quarter ending in December, Wix.com said it expects revenue in the range of $204 million to $206 million.
The company expects full-year revenue in the range of $761 million to $763 million.