Wix.com: Q3 Earnings Snapshot


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TEL AVIV, Israel (AP) _ Wix.com Ltd. (WIX) on Thursday reported a loss of $47.4 million in its third quarter.

On a per-share basis, the Tel Aviv, Israel-based company said it had a loss of 81 cents. Earnings, adjusted for stock option expense, came to 6 cents per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.

The cloud-based web development company posted revenue of $345.8 million in the period, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $343.2 million.

For the current quarter ending in December, Wix.com said it expects revenue in the range of $349 million to $354 million.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WIX at https://www.zacks.com/ap/WIX

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