Wix.com: Q3 Earnings Snapshot

TEL AVIV, Israel (AP) — TEL AVIV, Israel (AP) — Wix.com Ltd. (WIX) on Tuesday reported a loss of $13.7 million in its third quarter. The Tel Aviv, Israel-based company said it had a loss of 32 cents per share. Earnings, adjusted for stock option expense, were $1.42 per share. The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.30 per share. The cloud-based web development company posted revenue of $570.2 million in the period, also topping Street forecasts. Nine analysts surveyed by Zacks expected $566.8 million. This story was generated by Automated Insights ( http://automatedinsights.com/ap ) using data from Zacks Investment Research. Access a Zacks stock report on WIX at https://www.zacks.com/ap/WIX