CORRECTION: Wayfair Q4 EPS $(0.11) Beats $(0.15) Estimate, Sales $3.114B Beat $3.11B Estimate
Portfolio Pulse from Benzinga Newsdesk
Wayfair reported Q4 earnings with losses of $(0.11) per share, surpassing the $(0.15) estimate, and sales of $3.114B, slightly above the $3.11B estimate. This marks a significant improvement over last year's losses and a slight increase in sales.
February 22, 2024 | 3:15 pm
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Wayfair's Q4 earnings exceeded expectations with smaller losses and slightly higher sales than anticipated, indicating a strong improvement from the previous year.
Beating both EPS and sales estimates, especially with a significant reduction in losses compared to the previous year, is likely to be viewed positively by investors. This performance could lead to increased investor confidence and a potential short-term uptick in Wayfair's stock price.
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