Wix.Com shares are trading lower after the company reported Q4 financial results and issued FY24 guidance above estimates.
Portfolio Pulse from Benzinga Newsdesk
Wix.Com's shares are trading lower despite the company reporting Q4 financial results and issuing FY24 guidance that exceeded estimates.
February 21, 2024 | 10:34 am
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Wix.Com's shares dropped after reporting Q4 results and higher than expected FY24 guidance.
Typically, shares rise following positive earnings reports and optimistic future guidance. However, Wix.Com's share price decline could be attributed to market expectations already pricing in the positive news or concerns about the sustainability of the growth implied by the guidance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100