
Wayfair Inc (NYSE:W) is trading lower Thursday morning after the company announced worse-than-expected fourth-quarter earnings results.
Wayfair said quarterly revenue was down 11.4% year-over-year to $3.3 billion, which beat the $3.25 billion estimate. The company reported an earnings loss of 92 cents per share, which came in below the estimate for a loss of 69 cents per share.