Wix.com Q4 Adj. EPS $1.22 Beats $0.95 Estimate, Sales $403.77M Beat $402.83M Estimate
Portfolio Pulse from Benzinga Newsdesk
Wix.com reported Q4 adjusted earnings of $1.22 per share, surpassing the $0.95 estimate, and sales of $403.77M, slightly above the $402.83M estimate. This represents a significant increase from the previous year's earnings and sales.
February 21, 2024 | 6:09 am
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POSITIVE IMPACT
Wix.com's Q4 earnings and sales exceeded analyst expectations, showing substantial growth compared to the previous year.
Beating both earnings and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The significant growth compared to the previous year further strengthens the case for a positive impact.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100