While quarter-over-quarter revenue dropped, Wayfair (NYSE: W) nonetheless exceeded analysts’ expectations when it announced Q1 2021 earnings Thursday morning.
The e-commerce firm reported revenue of $3.5 billion, up 49.2% year-over-year from Q1 2020’s $2.4 billion. Quarter-over-quarter, though, Wayfair reported a slight decline in revenues, falling from $3.67 billion.
Wayfair’s stock price was down slightly at market open.
In the U.S., net revenue increased $800 million to $2.8 billion....
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