{"id":125407,"date":"2022-02-16T08:20:56","date_gmt":"2022-02-16T08:20:56","guid":{"rendered":"https:\/\/fin2me.com\/?p=125407"},"modified":"2022-02-16T08:20:56","modified_gmt":"2022-02-16T08:20:56","slug":"wix-com-posts-wider-loss-for-q4-misses-estimates","status":"publish","type":"post","link":"https:\/\/fin2me.com\/economy\/wix-com-posts-wider-loss-for-q4-misses-estimates\/","title":{"rendered":"Wix.com Posts Wider Loss For Q4, Misses Estimates"},"content":{"rendered":"

Wix.com Ltd. (WIX), an Israeli software company, on Wednesday posted an increase in its losses for the fourth quarter of the fiscal 2021, amidst Covid-19 induced volatile market conditions and higher operating expenses. Excluding items, the company’s loss missed the Street view. <\/p>\n

For the fourth quarter ended in December 2021, the Tel Aviv-Yafo-headquartered firm posted a loss of $111.01 million or $1.94 per share, compared with $11.42 million or $0.20 per share, reported for the same period a year ago.<\/p>\n

The company’s adjusted loss was reported at $21.11 million or $0.37 per share as against $1.63 million or $0.03 per share. Fifteen analysts, on average, polled by Thomson-Reuters were estimating the firm to report loss per share at $0.38. Analysts’ estimates typically exclude one-time items.<\/p>\n

For the December quarter, the operating loss of the cloud-based web development services firm moved up to $98.27 million, from $55.46 million, recorded for the final quarter of 2020. <\/p>\n

The total operating expense of the company registered at $297.81 million, versus $234.68 million.<\/p>\n

Wix.com generated its revenue for the three-month period at $328.34 million, compared with $282.53 million, year-on-year basis. <\/p>\n

Analysts’, on average, had expected the firm to post a revenue of $331.16 million.<\/p>\n

Looking ahead, for the first quarter of the fiscal 2022, the company expects its revenue to be in the range of $338 million – $343 million, representing a year-over-year growth of 11 percent to 13 percent. <\/p>\n

Fort the three-month period to March 2022, analysts’, on average, project the company to report revenue of $355.3 million. <\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Wix.com Ltd. (WIX), an Israeli software company, on Wednesday posted an increase in its losses for the fourth quarter of the fiscal 2021, amidst Covid-19 […]<\/p>\n","protected":false},"author":3,"featured_media":125406,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"yoast_head":"\nWix.com Posts Wider Loss For Q4, Misses Estimates - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/economy\/wix-com-posts-wider-loss-for-q4-misses-estimates\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wix.com Posts Wider Loss For Q4, Misses Estimates - Fin2me\" \/>\n<meta property=\"og:description\" content=\"Wix.com Ltd. 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