Wayfair (NYSE: W) reported better-than-expected earnings to blow past Street’s expectations for the third quarter. However, despite the strong results shares are trading flat in the early going Tuesday.

The online retailer posted adjusted earnings of $2.30 per share to smash $0.80 estimates from analysts. Revenue rose 66.5% on a y-o-y basis to come in at $3.84 billion and top $3.65 billion expected from the market.

“In the midst of continued uncertainty about the economy and the pandemic, Wayfair delivered another quarter of strong operating and financial results in Q3. Category momentum is vibrant, demand is moving online at an accelerated pace, and we expect the home to be even more important than usual when it comes to celebrating the holidays this year,” said Niraj Shah, CEO, co-founder and co-chairman, Wayfair.

The number of active customers in the Direct Retail unit stood at 28.8 million as of September 30, representing an increase of 50.9% year over year. Orders per customer also jumped to 1.94 from 1.85.

“Our long-term mindset and strategic investments in merchandising, selection, service, and delivery both in North America and in Europe are translating to share gains, sustained profitability, and positive free cash flow generation. While today’s unique environment has accentuated these trends, we are confident that there is a long runway for continued strong profitable growth ahead for Wayfair -- well beyond when the current circumstances have passed,” Shah added.