Why Wix.com Stock Popped After Earnings
Wix stock looks cheap -- so long as you're not too worried about it being "unprofitable."
Overview
Low-code and no-code website-builder Wix.com (NASDAQ: WIX) stock soared 11.5% through 12:20 p.m. ET Tuesday after beating analyst sales and earnings forecasts this morning.
Heading into its Q2 report, analysts expected Wix to earn $1.16 per share on $556 million in revenue. Instead, Wix earned $1.59 per share on $563.1 million in revenue.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.