Wayfair: Q4 Earnings Snapshot
By AP News
Published - Feb 23, 2023, 07:36 AM ET
Last Updated - Jun 22, 2023, 08:01 PM EDT
BOSTON (AP) — BOSTON (AP) — Wayfair Inc. (W) on Thursday reported a loss of $351 million in its fourth quarter.
On a per-share basis, the Boston-based company said it had a loss of $3.26. Losses, adjusted for one-time gains and costs, came to $1.71 per share.
The results fell short of Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for a loss of $1.63 per share.
The online home goods retailer posted revenue of $3.1 billion in the period, which topped Street forecasts. Eleven analysts surveyed by Zacks expected $3.06 billion.
