11:22 AM EDT, 05/20/2024 (MT Newswires) -- (Updates with the latest stock price movement in the headline and first paragraph.)

Wix.com ( WIX ) shares jumped 22% in recent Monday trading after the company posted better-than-expected Q1 results and updated its full-year revenue outlook.

The company reported Q1 adjusted earnings of $1.29 per diluted share, up from $0.91 a year earlier.

Analysts polled by Capital IQ expected $1.04.

Revenue for the quarter ended March 31 was $419.8 million, up from $374.1 million a year earlier.

Analysts surveyed by Capital IQ expected $417.9 million.

For 2024, the company now expects revenue of $1.74 billion to $1.76 billion, compared with its prior guidance of $1.73 billion to $1.76 billion. Analysts polled by Capital IQ expect $1.75 billion.

Price: 165.58, Change: +29.90, Percent Change: +22.03