Wix.com Ltd. (NASDAQ:WIX) shares surged more than 20% yesterday following the company’s reported Q3 results, with EPS of $0.06 beating the Street estimate of a loss of $0.07. Quarterly revenue grew 8% year-over-year to $345.8 million, above the Street estimate of $344 million.
The company updated its outlook, reflecting foreign exchange rates that have created stronger headwinds. For Q4, the company expects revenue in the range of $349-$354 million, representing around 5-6% year-over-year growth. For the full year, the company anticipates revenue to be up 9% year-over-year.
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