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Wayfair: Q4 Earnings Snapshot

By AP News - 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.

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