Shares of Wayfair fall on back of mixed Q3 earnings

Wayfair reports Q3 2021 earnings, misses on revenue, beats on EPS

Home furniture marketplace Wayfair posted a mixed Q3 2021 earnings report on Thursday, beating consensus analyst estimates on adjusted earnings per share while missing on revenue.

The e-commerce firm reported revenue of $3.1 billion, down 18.7% year-over-year from Q3 2020’s $3.8 billion. The company also lost $718.5 million quarter-over-quarter, the second quarter in a row in which revenue has declined.

Wayfair’s (NYSE: W) stock price was down about seven basis points in the morning following...

https://www.freightwaves.com/news/shares-of-wayfair-fall-on-back-of-mixed-q3-earnings

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