Wix.com Q1 2024 Adj EPS $1.29 Beats $1.03 Estimate, Sales $419.776M Beat $417.837M Estimate
Portfolio Pulse from Benzinga Newsdesk
Wix.com (NASDAQ:WIX) reported Q1 2024 earnings of $1.29 per share, beating the analyst estimate of $1.03 by 25.24%. Sales were $419.776 million, surpassing the $417.837 million estimate. This represents a 41.76% increase in EPS and a 12.22% increase in sales year-over-year.
May 20, 2024 | 5:02 am
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Wix.com reported strong Q1 2024 earnings, with EPS of $1.29 beating estimates by 25.24% and sales of $419.776 million surpassing expectations. This indicates robust financial performance and growth.
The significant beat on both EPS and sales estimates, along with strong year-over-year growth, suggests positive investor sentiment and potential short-term price appreciation for WIX.
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