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Benzinga

Business

Nabaparna Bhattacharya

Wayfair Shares Hold Steady On Growth Momentum

Wayfair Bernie McTernan Michael McGovern Needham

Portland,,Or,,Usa,-,Apr,8,,2020:,Wayfair,Mobile,App

Wayfair Inc. (NYSE:W) shares were little changed on Wednesday after posting a third-quarter beat, with revenue up 8.1% and adjusted EPS topping expectations.

The company reported third-quarter adjusted earnings per share of 70 cents, beating the analyst consensus estimate of 43 cents. Quarterly sales of $3.117 billion outpaced the Street view of $3.014 billion.

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