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.
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.
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.
Quarterly revenue decreased 4.6% year-over-year to $3.1 billion. The consensus estimate was for $3.06 billion.
The company's active customers decreased 19% to 22.1 million.
Wayfair shares, currently at $40.15, has traded in the range of $28.11-$143.40 in the last 1 year.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.