TEL AVIV, Israel (AP) — TEL AVIV, Israel (AP) — Wix.com Ltd. (WIX) on Wednesday reported second-quarter earnings of $57.7 million.
On a per-share basis, the Tel Aviv, Israel-based company said it had profit of 98 cents. Earnings, adjusted for stock option expense and non-recurring costs, came to $2.28 per share.
The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.75 per share.
The cloud-based web development company posted revenue of $489.9 million in the period, which also beat Street forecasts. Nine analysts surveyed by Zacks expected $487.5 million.
For the current quarter ending in September, Wix.com said it expects revenue in the range of $498 million to $504 million.
The company expects full-year revenue in the range of $1.98 billion to $2 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WIX at https://www.zacks.com/ap/WIX
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