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Wayfair: Q2 Earnings Snapshot
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BOSTON (AP) — BOSTON (AP) — Wayfair Inc. (W) on Tuesday reported a loss of $1 million in its second quarter.

On a per-share basis, the Boston-based company said it had a loss of 1 cent. Earnings, adjusted for stock option expense and to extinguish debt, came to 95 cents per share.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 94 cents per share.

The online home goods retailer posted revenue of $3.52 billion in the period, also beating Street forecasts. Ten analysts surveyed by Zacks expected $3.47 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on W at https://www.zacks.com/ap/W

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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