Wix shares plummeted 32% after Scotiabank cut its price target from $135.00 to $110.00 while maintaining an Outperform rating. The company reported adjusted earnings per share of $0.68, significantly missing analysts' expectations of $1.25. Additionally, the adjusted gross margin declined to 66%.
Digital intelligence firm reports $0.12 EPS and a 21% jump in annual recurring revenue, outperforming analyst expectations for the first quarter.
Read the full storyThe company surpassed Q1 earnings and revenue estimates fueled by growth in Merrell and Saucony, leading management to hike its long-term profit guidance.
The fintech giant reported quarterly earnings of $0.19 per share, missing analyst estimates of $0.2 per share, raising concerns over the company's growth trajectory.
CuriosityStream, Rumble, and Workhorse reported Q1 results showing losses that exceeded or matched analyst expectations amid ongoing operational pressures.
Wix.com shares plummeted after reporting adjusted EPS of $0.68, missing the $1.25 analyst estimate, as adjusted gross margins contracted to 66%.
ISSC, BRTX, and AZ reported Q1 results, with biotech and innovative solutions firms beating estimates while A2Z posted a wider-than-expected loss.