Wix Reports Strong Third Quarter 2017 Results Above Expectations; Record Level of Conversion Driven by Product Enhancements
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Wix.com (WIX) PT Lowered to $70 at Oppenheimer; Reiterates Outperform
November 9, 2017 10:15 AM ESTOppenheimer lowered its price target on Wix.com (NASDAQ: WIX) to $70.00 (from $88.00) while maintaining a Outperform rating following the company's 3Q earnings report. While WIX exceeded Street Collections by 2%, EBITDA missed by 36% on higher R&D and G&A on organic... More
Wix.com (WIX) Misses Q3 EPS by 12c, Sales Beat
November 8, 2017 7:13 AM ESTWix.com (NASDAQ: WIX) reported Q3 EPS of $0.01, $0.12 worse than the analyst estimate of $0.13. Revenue for the quarter came in at $111.03 million versus the consensus estimate of $109.76 million.
GUIDANCE:
Wix.com bumped FY2017 revenue to $423-424 million, versus the consensus... More
