Wix.com: Q2 Earnings Snapshot
TEL AVIV, Israel (AP) _ Wix.com Ltd. (WIX) on Wednesday reported a loss of $111.2 million in its second quarter.
On a per-share basis, the Tel Aviv, Israel-based company said it had a loss of $1.92. Losses, adjusted for non-recurring costs and stock option expense, came to 14 cents per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 39 cents per share.
The cloud-based web development company posted revenue of $345.2 million in the period, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $343.8 million.
For the current quarter ending in October, Wix.com said it expects revenue in the range of $341 million to $345 million.