— Wix.com Ltd. (NASDAQ: WIX) reported its third-quarter 2019 adjusted earnings of $0.41 per share versus $0.33 per share expected.
— Revenue grew by 26% to $196.79 million versus $197.63 million expected. The top line was impacted by changes in foreign exchange rates and a change in revenue mix in the quarter.
— Collections climbed by 26% to $205.86 million. The latest quarter was hurt by changes in FX rates.
— Net subscription additions of 114,000 bolster a solid base of over 4.4 million subscriptions, providing a source of sustainable and durable growth.
— Looking ahead into the fourth quarter, the company expects revenue to climb by 24-25% to the range of $204-206 million, and collections to jump by 26-28% to the range of $222-225 million.
— For fiscal 2019, revenue outlook is narrowed to the range of $761-763 million from the prior range of $761-765 million.
— Collections forecast for the full year is tightened to the range of $828-831 million from the previous range of $825-831 million.
— Free cash flow guidance is narrowed to the range of $124-126 million from the previous estimates of $123-126 million for the full year.
Most Popular
INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues
Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came
Riding the AI wave, Nvidia looks set to stay on the high-growth path
After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on
Target (TGT): A look at some of the challenges faced by the retailer in 3Q24
Shares of Target Corporation (NYSE: TGT) stayed green on Thursday, recovering from the stumble it took a day ago after delivering disappointing results for the third quarter of 2024 and