Wayfair Announces Third Quarter 2018 Results
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November 2, 2018 8:31 AM EDT
Credit Suisse analyst Stephen Ju raised the price target on Wayfair (NYSE: W) to $117.00 (from $101.00) while maintaining a Neutral rating.
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November 1, 2018 7:01 AM EDT
Wayfair (NYSE: W) reported Q3 EPS of ($1.28), $0.19 worse than the analyst estimate of ($1.09). Revenue for the quarter came in at $1.71 billion versus the consensus estimate of $1.67 billion.
Third Quarter 2018 Financial Highlights
Direct Retail net revenue, consisting of sales generated primarily through Wayfairs sites, increased $511.2 million to $1.7 billion, up 43.3% year over yearGross profit was $392.8 million or 23.0% of total net revenueGAAP net loss was $151.7 millionAdjusted EBITDA was $(76.4) million or (4.5)% of total net revenueGAAP basic and diluted net loss per share was $1.69Non-GAAP diluted net loss per...
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