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Israel's Wix.com posts Q3 beat, says business as usual
  + stars: | 2023-11-09 | by ( Steven Scheer | ) www.reuters.com   time to read: +2 min
The logo of website-designer firm Wix.com is seen at a high-tech park in Beersheba, southern Israel August 28, 2017. The Israeli company posted earnings of $1.10 per diluted share, excluding one-time items, compared with 6 cents per share a year earlier. Analysts expected Wix to earn 67 cents per share excluding one-time items on revenue of $383 million, LSEG data showed. The company projected fourth-quarter revenue of $400 million to $405 million, representing annual growth of as much as 14%. Citing an "outperformance in the first three quarters" Wix raised its 2023 revenue estimate to $1.558 billion to $1.563 billion - growth of 12-13% - from a range of $1.543 billion to $1.558 billion.
Persons: Wix.com, Amir Cohen, Wix, Nir Zohar, Zohar, Lior Shemesh, Steven Scheer, Jason Neely, David Evans Organizations: REUTERS, Rights, Hamas, Revenue, Nasdaq, Thomson Locations: Beersheba, Israel, Gaza
(This is CNBC Pro's live coverage of Tuesday's analyst calls and Wall Street chatter. Meanwhile, Deutsche Bank downgraded Peloton to hold from buy, slashing its price target on the stock. ET: Deutsche Bank downgrades Peloton on challenging near-term outlook Deutsche Bank analyst Lee Horowitz downgraded Peloton to hold from buy Tuesday, slashing their price target to $4 from $13 per share. Rats gave a €71.0, or $75.84, price target on the stock, implying shares could jump 14%. Ralph Lauren (price target: $130, pointing to 13% upside): The analyst noted Ralph Lauren's "consistent execution" should allow the stock to hold its premium valuation relative to peers.
Persons: Vivek Arya, Arya, — Pia Singh, Lee Horowitz, Horowitz, Peloton's, Morgan Stanley Morgan Stanley, Martijn Rats, Steven Shemesh, Shemesh, Lowe's, Ralph Lauren, Michael Binetti, Binetti, Ralph Lauren —, TJX, Ralph Lauren's, Fred Imbert Organizations: CNBC, ISI, Nike, Deutsche Bank, RBC Capital Markets, Semiconductor, EV, BofA Bank of America, Carbide, Silicon Carbide, TAM, Depot, PCE, TJX, Athletic Locations: France
Dyksztejn was living in Kyiv when Russia invaded and vacationing in Israel when Hamas attacked. Dyksztejn volunteered with ZAKA in both the Ukraine and Israel wars. My husband and I spoke a lot of languages and it was mostly tourists in Ukraine asking for help. When the war in Ukraine started, we were in Kyiv. The main difference between Israel and Ukraine was that in Ukraine, I helped rescue people who were still alive.
Persons: Valerie Dyksztejn, Dyksztejn, , ZAKA, Bet Shemesh, Shemesh, Alisa Shodiyev Kaff Organizations: Hamas, Service, ZAKA, Barzilai, Gaza Health Ministry, they'll Locations: Ukrainian, Kyiv, Russia, Israel, Ukraine, Dyksztejn, Gaza, Belgian, Antwerp, Belgium, Moldova, Bet Shemesh, Bet, Israel's Jerusalem, Ashkelon
"I have six children, and after the incident of the 7th of October, I understood that I must protect myself. Aghast at the Hamas killing spree in their southern towns and villages, and worried by the military's slow response, Israelis are arming themselves in record numbers with the blessing of their government. Israel has been bombarding the Gaza Strip since Hamas's attack on Israeli communities on Oct. 7, which it says killed some 1,400 people. Before Oct. 7, the Kfar Saba Shooting Range was holding just one training course per day, now they’re holding three to four daily. Gun control advocates say making firearms too freely available raises the risk of accidental shootings, murder and suicide.
Persons: Ronen, KFAR, Shimrit Ben Arosh, Aghast, Benjamin Netanyahu, Itamar Ben, Netanyahu, Israel, Gil Shemesh, Dan Williams, Deborah Kyvrikosaios Organizations: West Bank, REUTERS, Hamas, Thomson Locations: Gush Etzion, KFAR SABA, Israel, Hamas, Kfar Saba, Gaza, Israeli
The Israeli company said on Thursday it had earned $1.38 per share excluding one-time items in the April to June period, compared with a loss of 14 cents per share a year earlier. Wix was forecast to earn 60 cents excluding one-time items on revenue of $383 million, according to Refinitiv I/B/E/S data. Wix projected third-quarter revenue of $386 million to $391 million, representing annual growth of up to 13%. It also raised its full-year 2023 revenue estimate to $1.543 billion to $1.558 billion - 11-12% growth - from $1.522 billion to $1.543 billion. "We're proud of being an Israeli company," he said.
Persons: Refinitiv, Lior Shemesh, Wix, Shemesh, Nir Zohar, Zohar, Steven Scheer, Jane Merriman, Jan Harvey Organizations: Revenue, Nasdaq, Thomson Locations: Israel, Delaware, Israeli
Mobileye finance chief Anat Heller to step down
  + stars: | 2023-06-26 | by ( ) www.reuters.com   time to read: 1 min
June 26 (Reuters) - Autonomous driving technology firm Mobileye Global (MBLY.O) said on Monday finance chief Anat Heller will step down from her role for personal reasons, effective immediately. The company named Moran Shemesh Rojansky, currently vice president of finance, as interim chief financial officer. Heller will remain at the Israel-based company as a strategic adviser to the finance department and to senior management. Mobileye, in which Intel (INTC.O) retains majority ownership, listed on the Nasdaq last year after raising $861 million in an initial public offering. Reporting by Akash Sriram and Arshreet Singh in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.
Persons: Anat Heller, Moran Shemesh Rojansky, Heller, Akash Sriram, Arshreet Singh, Sriraj Organizations: Mobileye, Intel, Nasdaq, Thomson Locations: Israel, Bengaluru
Summary Israelis push for outpost recognition as tensions mount in occupied West BankNetanyahu's Likud party sinks in recent pollsIsraeli-British citizen succumbs to wounds after West Bank shooting attackPalestinian teen killed by Israeli forces in West Bank raidJERUSALEM, April 10 (Reuters) - Thousands of Israelis, including government ministers, marched towards the evacuated outpost of Evyatar in the occupied West Bank on Monday to support settlement expansion, as tensions mounted between Israelis and Palestinians. [1/5] Israeli settlers hold a protest march from Tapuach Junction to the Israeli settler outpost of Evyatar, in the Israeli-occupied West Bank, April 10, 2023. REUTERS/Nir Elias 1 2 3 4 5"Tragic news that Leah Dee has also died following the abhorrent attacks in the West Bank," UK foreign minister James Cleverly on Twitter. In February, Israel granted retroactive recognition to eight illegal West Bank outposts, also condemned by international organizations. Palestinians want an independent state in the West Bank and Gaza with East Jerusalem as its capital - territories Israel captured in a 1967 war.
Valvoline is a "compelling" buy for investors ahead of a planned split, according to RBC Capital Markets. "[We] think VVV will be a faster growing, higher margin business, with strong [free cash flow] generation," Shemesh wrote in a Tuesday note. The analyst expects Valvoline will have a "long runway of revenue growth and FCF" before greater electric vehicle adoption becomes an issue. "Bottom line – while accelerated EV adoption poses a risk to Valvoline, we think the risk lies further in the future than most would think," Shemesh wrote. Still, the analyst expects further upside from here.
Insider met with Republicans Overseas in Israel to discuss Donald Trump's popularity in the country. It's named in honor of former President Donald Trump, a figure who is generally beloved in the country. Trump Square's modest sign reads: "The USA's 45th president and the first to acknowledge Jerusalem as the capital of Israel." Joshua Zitser/Insider"Israel never had a president who is as supportive and helpful as US President Donald Trump," Rami Greenberg, the mayor of Petah Tikva, at the unveiling of Trump Square in 2019. A 2018 University of Maryland poll of 650 Israeli Jewish people found that 73% of those surveyed supported moving the embassy.
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