Wayfair: Q3 Earnings Snapshot
Wayfair Inc. reported a loss of $99 million in its third quarter, with a loss of 76 cents per share.
Adjusted earnings came to 70 cents per share, exceeding Wall Street expectations of 46 cents per share.
- Average estimate of 11 analysts surveyed by Zacks Investment Research: 46 cents per share
- Actual earnings: 70 cents per share
The online home goods retailer posted revenue of $3.12 billion, beating Street forecasts of $3.01 billion.
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Author's summary: Wayfair reports Q3 loss, beats earnings expectations.