Wayfair up on upbeat quarterly results
04/11/2026 12:58
BUZZ-Wayfair up on upbeat quarterly results ** Shares of furniture retailer Wayfair W.N up 2% at $113.70 premarket
** Co beat Q3 revenue and profit estimates, buoyed by steady demand for its products
** Posts Q3 revenue of $3.42 billion vs estimate of $3.38 billion - data compiled by LSEG
** Logs Q3 adjusted EPS of 93 cents, beating estimates of 79 cents
** Quarterly active customers rise 4.7% to $22.2 million
** "We believe the result should do little to reignite concerns around management’s investments in pricing and loyalty weighing on the overall profitability of the model" - William Blair analysts
** As of last close, stock up ~11% YTD
(Reporting by Koyena Das from Bengaluru )