Advertisement
UK markets closed
  • NIKKEI 225

    38,460.08
    +907.92 (+2.42%)
     
  • HANG SENG

    17,201.27
    +372.34 (+2.21%)
     
  • CRUDE OIL

    82.78
    -0.58 (-0.70%)
     
  • GOLD FUTURES

    2,337.60
    -4.50 (-0.19%)
     
  • DOW

    38,349.98
    -153.71 (-0.40%)
     
  • Bitcoin GBP

    51,779.09
    -1,837.39 (-3.43%)
     
  • CMC Crypto 200

    1,398.92
    -25.18 (-1.77%)
     
  • NASDAQ Composite

    15,639.77
    -56.87 (-0.36%)
     
  • UK FTSE All Share

    4,374.06
    -4.69 (-0.11%)
     

Wayfair Stock Soars 9% on Q1 Results

Wayfair Stock Soars 9% on Q1 Results

Wayfair (NYSE: W) rocked the market on Wednesday, delivering Q1 of fiscal 2020 that showed a significantly narrower-than-expected loss for the period, and higher sales. On average, prognosticators following Wayfair were modeling $2.31 billion on the top line, and a deeper net loss of $2.60 per share. Although the SARS-CoV-2 coronavirus outbreak is hitting the global economy hard, the situation worked to Wayfair's advantage during the quarter.