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Wix.com Q1 Adjusted Profit, Revenue Rise; Updates 2024 Revenue Guidance
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Wix.com Q1 Adjusted Profit, Revenue Rise; Updates 2024 Revenue Guidance
May 20, 2024 12:57 AM

03:31 AM EDT, 05/20/2024 (MT Newswires) -- Wix.com ( WIX ) reported Q1 adjusted earnings Monday 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 prior guidance of $1.73 billion to $1.76 billion. Analysts polled by Capital IQ expect $1.75 billion.

Price: 136.94, Change: +1.26, Percent Change: +0.93

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