Why Wix.com Stock Looks Sick This Morning
Shares of website builder Wix.com (NASDAQ: WIX) are crashing -- down 14.5% as of 10:15 a.m. EDT -- despite the company reporting an earnings and revenue beat late last night.
Heading into Q2, Wall Street had forecast that Wix would lose $0.37 per share (pro forma) on $311.7 million in revenue. In fact, the company lost only $0.28 per share, and its revenue was $316.4 million -- clear wins on both counts.
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Source Fool.com
