Wayfair: Q3 Earnings Snapshot
Wayfair Inc. reported a loss of $99 million in its third quarter, with a loss of 76 cents per share.
Earnings, adjusted for debt and stock option expense, were 70 cents per share, exceeding Wall Street expectations.
- Average estimate of 11 analysts surveyed by Zacks Investment Research: 46 cents per share
- Actual earnings: 70 cents per share
- Revenue: $3.12 billion, beating Street forecasts of $3.01 billion
The results surpassed expectations, with the online home goods retailer posting strong revenue.
The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share.
Author's summary: Wayfair reports Q3 loss but beats earnings expectations.
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