1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Omar Venerio
Omar Venerio
Articles (1313) 

2 Stocks Moving Wednesday

Financial results impact Wix.com, Omega Healthcare Investors

February 14, 2018 | About:

In Wednesday trading, shares of Wix.com Ltd. (NASDAQ:WIX) advanced nearly 10% on the back of the company reporting its financial results for the fourth quarter. The company posted adjusted earnings of 16 cents per share, in line with estimates. Quarterly revenue of $118.55 million increased 40.8% year over year and beat expectations by $1.65 million.

"Continued improvements to our product offering and successful execution of marketing campaigns drove robust financial results this quarter, closing out a strong year," Avishai Abrahami, the company's co-founder and CEO, said.

Omega Healthcare Investors Inc. (NYSE:OHI) lost 5% on the back of the company posting its financial results for the fourth quarter.

The company reported annual net sales declined 0.2% to $194.58 million and fell short of analysts' expectations by $28.24 million. Its earnings per share of 77 cents, however, were in line with estimates. 

For the quarter, the company reported net income of $65.2 million, or 31 cents per share, on operating revenues of $221.2 million. This compares to net income of $129.9 million, or 63 cents per share, on operating revenues of $234.5 million in the prior-year quarter. 

Moreover, the board of directors declared a dividend of 66 cents per share, a one-cent increase from the previous quarter.

“As a result of our strategic repositioning activities, 2018 will not be a growth year, and therefore, we do not expect to increase the dividend during 2018," CEO Taylor Pickett said. "However, I want to be very clear that we are confident in the payout percentage coverage and sustainability of our current quarterly dividend.”

Looking ahead to the first quarter, the company expects revenue between $135 million and $136 million and collections to range from $157 million to $158 million.

Disclosure: The author holds no positions in any stocks mentioned.

About the author:

Omar Venerio
Omar Venerio is a capital markets, derivatives, corporate finance and financial management professor. He is passionate about the stock market and providing independent fundamental research and hedge fund and insider trading-focused investigation.

Rating: 0.0/5 (0 votes)


Please leave your comment:

Performances of the stocks mentioned by Omar Venerio

User Generated Screeners

Doney1000ebit/ev momentum
dickslee23Piotroski ?
sonderekOctober 15th 2018
Doney1000Combined Value Prescreen new
Doney1000Combined Value Prescreen
Gone Treyding LLCBen Graham Net-Net
eric.lubbersROC DEBT
DBrizanCDN2018Oct215 154a
DBrizanCDN2018Oct215 153a
DBrizanall 2018Oct15 1239a
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat