Wix Stock Soars as Q1 Earnings Crush Expectations: 5 Key Takeaways
InvestorPlace -

Wix (WIX) beat analyst earnings estimates and jumped 20%. Management is expecting revenue of $1.75 billion this year, and a profit. The software is popular with ad agencies and advertisers. Israeli website creator Wix (NASDAQ:WIX) beat earnings estimates, sending WIX stock up 20%. Wix earned $24 million, 41 cents per share fully diluted, on revenue of almost $420 million during the quarter. WIX stock opened today at $150 per share, a market cap of over $8 billion. That means shares are now up...

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