Wayfair Announces Third Quarter 2019 Results
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Needham & Company Downgrades Wayfair (W) to Hold
November 1, 2019 7:38 AM EDTNeedham & Company analyst Rick Patel downgraded Wayfair (NYSE: W) from Buy to Hold.
The analyst comments "We lower Wayfair (W) to Hold from Buy on decreased visibility on the trajectory of sales growth. Guidance for sales growth disappointed for the second... More
Wayfair (W) Falls 20% Pre-Open After Reporting Q3 Results
October 31, 2019 8:40 AM EDTWayfair (NYSE: W) Falls 20% Pre-Open After Reporting Q3 Results
... MoreWayfair (W) Misses Q3 EPS by 13c, Revenues Beat
October 31, 2019 7:07 AM EDTWayfair (NYSE: W) reported Q3 EPS of ($2.23), $0.13 worse than the analyst estimate of ($2.10). Revenue for the quarter came in at $2.3 billion versus the consensus estimate of $2.27 billion.
Third Quarter 2019 Financial Highlights
Direct Retail net revenue, consisting of sales generated primarily through Wayfairs sites, increased $607.2 million to $2.3 billion, up 35.9% year over yearGross profit was $539.9 million or 23.4% of total net revenueGAAP net loss was $272.0 millionAdjusted EBITDA was $(144.2) million or (6.3)% of total net revenueGAAP basic and diluted net loss per share was $2.94Non-GAAP diluted net loss per... More