Wayfair: Q2 Earnings Snapshot
BOSTON (AP) _ Wayfair Inc. (W) on Thursday reported a loss of $378 million in its second quarter.
The Boston-based company said it had a loss of $3.59 per share. Losses, adjusted for stock option expense and non-recurring costs, came to $1.94 per share.
The results fell short of Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of $1.89 per share.
The online home goods retailer posted revenue of $3.28 billion in the period, which beat Street forecasts. Seven analysts surveyed by Zacks expected $3.21 billion.