Online home store Wayfair Inc. (W) reported Monday a profit in its second quarter, compared to prior year's loss, with strong growth in revenues. Both adjusted earnings per share and top line beat market estimates.
In the pre-market activity, Wayfair shares were gaining around 13.8 percent to trade at $74.35.
In the second quarter, net income was $15 million or $0.11 per share, compared to prior year's net loss of $42 million or $0.34 per share.
Adjusted earnings per share were $0.87, compared to $0.47 a year ago.
The Wall Street analysts on average expected the company to report earnings of $0.33 per share. Analysts' estimates typically exclude special items.
Net revenue grew 5 percent to $3.27 billion from last year's $3.12 billion. The Street expected revenues of $3.12 billion.
Total net revenue excluding the impact of exit from the German market grew 6% year-over-year.
Active customers totaled 21.0 million as of June 30, 2025, a decrease of 4.5% from last year. LTM net revenue per active customer was $572 as of June 30, up 5.9% year over year.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.