Wix.com: Q4 Earnings Snapshot
By AP News
Published - Feb 21, 2024, 05:09 AM ET
Last Updated - Feb 21, 2024, 05:09 AM EST
TEL AVIV, Israel (AP) — TEL AVIV, Israel (AP) — Wix.com Ltd. (WIX) on Wednesday reported fourth-quarter net income of $3 million.
The Tel Aviv, Israel-based company said it had net income of 5 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, were $1.22 per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 98 cents per share.
The cloud-based web development company posted revenue of $403.8 million in the period, which also topped Street forecasts. Eight analysts surveyed by Zacks expected $402.6 million.
