Wix.com (WIX) Stock: Drops After Revenue Beat and Raised Guidance Are Overshadowed by Loss

TLDR Wix.com posted a Q3 net loss of $0.01 per share versus a profit of $0.46 per share last year due to increased tax expenses Q3 revenue climbed to $505.2 million, up from $444.7 million year-over-year, topping Street estimates Adjusted earnings of $1.68 per share beat analyst forecasts of $1.49 per share Q4 revenue guidance [...]

The post Wix.com (WIX) Stock: Drops After Revenue Beat and Raised Guidance Are Overshadowed by Loss appeared first on Blockonomi.