{"id":171454,"date":"2023-02-23T17:26:44","date_gmt":"2023-02-23T17:26:44","guid":{"rendered":"https:\/\/precoinnews.com\/?p=171454"},"modified":"2023-02-23T17:26:44","modified_gmt":"2023-02-23T17:26:44","slug":"wayfair-plunges-on-reporting-wider-loss-missing-street-view","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/bitcoin\/wayfair-plunges-on-reporting-wider-loss-missing-street-view\/","title":{"rendered":"Wayfair Plunges On Reporting Wider Loss, Missing Street View"},"content":{"rendered":"
Shares of e-commerce company Wayfair Inc. (W) are slipping more than 19% Thursday morning after reporting wider loss in the fourth quarter, that missed analysts’ estimates.<\/p>\n
The company reported net loss of $351 million or $3.26 per share, wider than loss of $202 million or $1.92 per share last year.<\/p>\n
Excluding one-time items, loss was $1.71 per share. that missed the average estimate of analysts polled by Thomson-Reuters of $1.61 loss per share.<\/p>\n
Quarterly revenue decreased 4.6% year-over-year to $3.1 billion. The consensus estimate was for $3.06 billion.<\/p>\n
The company’s active customers decreased 19% to 22.1 million.<\/p>\n
Wayfair shares, currently at $40.15, has traded in the range of $28.11-$143.40 in the last 1 year. <\/p>\n