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Wix Shares Fall 3.28% Ahead of Earnings Disclosure
Analysts expect lower quarterly earnings per share but higher revenue, while Wix has trailed the broader market over the past month.
Key takeaways
- Wix closed at $71.74, down 3.28% for the session.
- Analysts expect quarterly earnings of $1.32 per share and revenue of $566.94 million.
Wix.com shares closed at $71.74, down 3.28%, while the S&P 500 fell 0.02%. The Dow lost 0.35% and the Nasdaq slipped 0.15%.
Over the past month, Wix shares have dropped 10.99%. The Computer and Technology sector gained 3.58%, while the S&P 500 rose 2.05%.
For its upcoming earnings disclosure, analysts expect Wix to report earnings of $1.32 per share, a 21.43% year-over-year decline. The latest consensus estimate calls for revenue of $566.94 million, up 12.22% from the same quarter last year.
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This article was produced with the help of AI technology. Source: Yahoo Finance
