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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
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
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