Website Creator Wix Gains After Q1 Print, What's Going On?
Portfolio Pulse from Anusuya Lahiri
Wix.com Ltd (NASDAQ:WIX) reported strong fiscal first-quarter 2024 results, with revenue and adjusted EPS beating analyst estimates. The company saw significant growth in its Partners and Business Solutions segments, and its AI product offerings and Wix Studio showed strong traction. The stock gained 9.82% premarket following the results.
May 20, 2024 | 12:59 pm
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Wix.com Ltd reported strong Q1 2024 results, with revenue and adjusted EPS beating analyst estimates. The company saw significant growth in its Partners and Business Solutions segments, and its AI product offerings and Wix Studio showed strong traction. The stock gained 9.82% premarket following the results.
Wix.com Ltd's strong Q1 results, with revenue and adjusted EPS beating analyst estimates, indicate robust business performance. Significant growth in key segments and strong traction for AI products and Wix Studio are positive indicators. The stock's 9.82% premarket gain reflects investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100