Why Wix.com Stock Edged Higher Today
Wix.com (NASDAQ: WIX) saw its stock close Wednesday barely in positive territory, as the market digested the DIY website company's latest quarterly earnings report. Cautiously optimistic investors pushed the stock 0.3% higher, which wasn't quite enough to meet the 0.7% increase of the bellwether S&P 500 index on the day.
In Wix.com's second quarter, the company's revenue grew by 12% year over year to just under $490 million. Of its two reporting segments, creative subscriptions, its foundational website design services, rose by nearly 11% to $345 million and change. The smaller business solutions segment, meanwhile, enjoyed 17% growth to more than $144 million.
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Source Fool.com
