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BOSTON (AP) — BOSTON (AP) — Wayfair Inc. (W) on Thursday reported a loss of $355 million in its first quarter.
The Boston-based company said it had a loss of $3.22 per share. Losses, adjusted for stock option expense and restructuring costs, came to $1.13 per share.
The results topped Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for a loss of $1.72 per share.
The online home goods retailer posted revenue of $2.77 billion in the period, also topping Street forecasts. Twelve analysts surveyed by Zacks expected $2.74 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a W">Zacks stock report on W at https://www.zacks.com/ap/W