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Wayfair: 1Q Earnings Snapshot

Wayfair: 1Q Earnings Snapshot

Associated Press

BOSTON (AP) _ Wayfair Inc. (W) on Thursday reported a loss of $200.4 million in its first quarter.

The Boston-based company said it had a loss of $2.20 per share. Losses, adjusted for stock option expense and pretax expenses, came to $1.62 per share.

The results fell short of Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for a loss of $1.60 per share.

The online home goods retailer posted revenue of $1.94 billion in the period, which beat Street forecasts. Twelve analysts surveyed by Zacks expected $1.91 billion.

Wayfair shares have increased 82% since the beginning of the year. The stock has more than doubled in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on W at https://www.zacks.com/ap/W