Wayfair Q1 Loss Narrows, Stock Climbs In Pre-Market

(RTTNews) - Wayfair Inc. (W), Thursday announced financial results for the first quarter.

The company reported a net loss of $113 million or $0.89 a share, compared to $248 million or $2.06 a share last year.

On adjusted basis, earnings totaled $0.10 per share compared with a loss of $0.32 per share in the prior year quarter.

Analysts, on average, estimated loss of $0.2 per share for the first quarter.

The quarterly revenue stood at $2.730 billion compared to $2.729 billion in the previous year.

In the pre-market hours, Wayfair's stock is trading at $31.66, up 4.97 percent on the New York Stock Exchange.