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
- Analysts surveyed by Zacks expected revenue: $3.01 billion
- Actual revenue: $3.12 billion
The results beat Street forecasts, with the online home goods retailer posting revenue of $3.12 billion in the period.
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Author's summary: Wayfair reports Q3 loss, beats revenue expectations.
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