Wix Raises Fiscal Year Sales Forecast, Posts 2Q Guidance

By Matt Grossman

Wix.com Wednesday raised the midpoint of its full-year revenue guidance and posted a forecast for its second-quarter performance.

The New York City-based web-development platform said it now expects sales of $1.28 billion to $1.29 billion this year, an upward revision from a prior forecast of $1.27 billion to $1.29 billion.

Wix also said it expects second-quarter revenue of $308 million to $312 million.

Analysts polled by FactSet had been estimating second-quarter revenue of $313 million, contributing to full-year sales of $1.29 billion.

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(END) Dow Jones Newswires

05-12-21 0642ET