Wayfair down sharply after earnings miss

Nov. 02, 2017 8:22 AM ETWayfair Inc. (W)WBy: Clark Schultz, SA News Editor16 Comments
  • Wayfair (NYSE:W) heads south after posting a wider loss than anticipated in Q3. The company's revenue tally of $1.20B was also a touch short of estimates.
  • The number of active Wayfair customers jumped 39% to 10.3M during the quarter. Orders delivered were up 38% to 4.7M. The average order size rose 2.5% to $250.
  • Shares of Wayfair are down 12.67% premarket to $64.98 vs. a 52-week trading range of $27.60 to $84.19.
  • Previously: Wayfair misses by $0.19, misses on revenue (Nov. 2)

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