Match On Earnings: Wayfair Third-Quarter Results Beat Revenue Estimates

On revenue of $2.84 billion, the online retailer posted an adjusted loss of $2.11 per share.

Analysts anticipated that Wayfair will announce a loss of $2.11 per share on $2.8 billion in revenue 

 Revenue decreased 8% over the same period last year.

W stock increased 11.2% to 39.15 during today's morning trading session on the stock market.

Wayfair, situated in Boston, operates a number of websites. 

 The websites include a range of styles and pricing points for home decor, appliances, and furniture. 

 The business also owns Birch Lane, Joss & Main, and Perigold in addition to Wayfair.com.

But Shah continued, "We are not content with that; we have found significant chances for incremental efficiency. 

We are all committed to taking the necessary actions to quickly achieve adjusted EBITDA (earnings before interest, taxes, depreciation