Wayfair Q2 Adj $0.21 Beats $(0.67) Estimate, Sales $3.17B Beat $3.10B Estimate
Portfolio Pulse from Benzinga Newsdesk
Wayfair (NYSE:W) reported Q2 earnings of $0.21 per share, beating the analyst consensus estimate of $(0.67) by 131.34%. This is a 110.82% increase over losses of $(1.94) per share from the same period last year. The company also reported quarterly sales of $3.17 billion, beating the analyst consensus estimate of $3.10 billion by 2.29%. However, this is a 3.44% decrease over sales of $3.28 billion the same period last year.
August 04, 2023 | 1:00 pm
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POSITIVE IMPACT
Wayfair's Q2 earnings and sales beat estimates, which could positively impact the stock. However, the decrease in sales YoY might temper this impact.
Wayfair's Q2 earnings beat estimates, which is typically a positive signal for the stock. However, the decrease in sales YoY could be a concern for investors, potentially tempering the positive impact of the earnings beat.
CONFIDENCE 90
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RELEVANCE 100