July 24, 2019 / 6:38 AM / a month ago

Israel's Wix.com Q2 profit up, raises 2019 revenue outlook

TEL AVIV, July 24 (Reuters) - Wix.com, which helps small businesses build and operate websites, reported higher profit in the second quarter and raised its revenue forecast for 2019.

It reported on Wednesday quarterly net profit of 34 cents a share excluding one-time items, compared with 29 cents a year earlier. Revenue grew 27% to $185.4 million.

Israel-based Wix offers free basic features for setting up websites but users must pay for extra services such as shopping carts, individual web addresses and site traffic analysis.

Wix raised its 2019 revenue forecast to $761-$765 million from a previous forecast of $758-$763 million. This is up 26-27% from 2018.

For the third quarter it estimates revenue of $196-$198 million, up 26-27% from a year earlier. (Reporting by Tova Cohen; Editing by Steven Scheer)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below