Categories Earnings, Technology

Wix.com (NASDAQ: WIX): Q4 2019 Earnings Snapshot

— Wix.com Ltd. (NASDAQ: WIX) reported its fourth-quarter 2019 adjusted earnings of $0.39 per share versus $0.31 per share expected.

— Revenue grew by 25% to $204.6 million versus $205.53 million expected.

Earnings Update by AlphaStreet

— Collections rose 29% to $226.7 million. GAAP net loss was $0.42 per share compared to a net loss of $0.12 per share in the prior-year quarter.

— For fiscal 2020, Wix.com expects revenue to be $946 million to $956 million, representing a year-over-year growth of 24-26%. Collections are expected to be between $1.020 billion and $1.035 billion.

— For the first quarter of 2020, revenue is estimated to be in the range of $215 million to $217 million. Collections are touted in the range of $247 million to $249 million.

— WIX stock was down about 10% in the pre-market trading hours.

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