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 to extinguish debt and for stock option expense, came to 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 exceeded Wall Street expectations.
Author's summary: Wayfair reports Q3 loss of $99 million.
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