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Aug. 5, 2021, 7:28 a.m. EDT

Wayfair stock jumps after earnings beat

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By Tonya Garcia
W SPX

Wayfair Inc. /zigman2/quotes/201071690/composite W +3.02% shares jumped 7.1% in Thursday premarket trading after the online home goods retailer reported second-quarter earnings that beat the Street. Net income totaled $130.4 million, or $1.14 per share, down from $273.9 million, or $2.54 per share, last year. Adjusted EPS of $1.89 beat the FactSet consensus for $1.16. Revenue of $3.858 billion was down from $4.305 billion last year and just below the FactSet consensus for $3.934 billion. "While the current macro environment is dynamic, the home remains a high priority for our customers and longer term tailwinds to online category growth are firmly in place," said Niraj Shah, Wayfair chief executive, in a statement. Active customers totaled nearly 31.1 million, up from about 26.0 million last year. And average order value was $278, up from $227. Wayfair's portfolio includes the namesake, AllModern and Joss & Main. Wayfair stock has gained 11.2% for the year to date while the benchmark S&P 500 index /zigman2/quotes/210599714/realtime SPX -0.91% is up 17.2% for the period.

/zigman2/quotes/201071690/composite
US : U.S.: NYSE
$ 286.26
+8.39 +3.02%
Volume: 1.57M
Sept. 17, 2021 4:00p
P/E Ratio
91.97
Dividend Yield
N/A
Market Cap
$29.74 billion
Rev. per Employee
$877,382
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/zigman2/quotes/210599714/realtime
US : S&P US
4,432.99
-40.76 -0.91%
Volume: 3.79B
Sept. 17, 2021 5:25p
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