Wayfair up after quarterly revenue, profit beat estimates - W News | RalliesWayfair up after quarterly revenue, profit beat estimates
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W• Management comments on stronger sequential growth
- "We saw the best sequential growth we've seen in a Q2 since the second quarter of 2020," says CEO Niraj Shah
- As of last close, stock up about ~14% YTD
Shares jump after quarterly results beat estimates
- Shares of furniture retailer Wayfair W.N up as much as 34.3% at $119.98
- Stock set for best day since April 2020, if gains hold
- Co beats Q2 revenue and profit estimates helped by resilient demand for its products
Revenue, EPS and operating metrics beat expectations
- Posts quarterly revenue of $3.52 billion, vs. analysts' estimates of $3.47 billion - data compiled by LSEG
- Reports quarterly adjusted EPS of 95 cents, vs. expectations of 89 cents
- Reports 8.7% rise in U.S. net revenue at $3.13 billion
- Quarterly orders delivered increase 6% to $10.6 million; active customers rise 3.3% to $21.7 million
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