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Why Wix Stock Jumped Higher Today

TheMotleyFool

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Why Wix Stock Jumped Higher Today: https://g.foolcdn.com/editorial/images/695584/gettyimages-1343372840.jpg

Shares of Wix.com (NASDAQ: WIX), a website building platform, popped this morning after the company reported better-than-expected top- and bottom-line results.

Investors have pushed the tech stock up by 7.4% as of 10:30 a.m. ET.

Wix reported a non-GAAP (adjusted) loss per share of $0.14 in the second quarter, which was an improvement from a loss of $0.28 in the year-ago quarter and better than Wall Street's consensus estimate of a loss of $0.34.

Source Fool.com

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