Wix.Com Expects 3Q23 Revenue Of $386M-$391M Vs. $384.73M Consensus; Raised Its FY23 Revenue Outlook To $1.543B-$1.558B (Prior $1.522B-$1.543B) Vs. $1.53B Consensus
Portfolio Pulse from Benzinga Newsdesk
Wix.Com has raised its revenue outlook for FY23 to $1.543B-$1.558B, up from the prior $1.522B-$1.543B, and above the consensus of $1.53B. The company also expects 3Q23 revenue to be between $386M-$391M, higher than the consensus of $384.73M.
August 04, 2023 | 12:36 pm
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POSITIVE IMPACT
Wix.Com's raised revenue outlook for FY23 and higher than expected 3Q23 revenue could potentially lead to a positive impact on its stock price.
Wix.Com's raised revenue outlook for FY23 and higher than expected 3Q23 revenue indicates strong financial performance and growth, which is likely to be viewed positively by investors and could lead to an increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100