Wayfair: Q4 Earnings Snapshot
BOSTON (AP) _ Wayfair Inc. (W) on Thursday reported a loss of $202 million in its fourth quarter.
The Boston-based company said it had a loss of $1.92 per share. Losses, adjusted for one-time gains and costs, were 92 cents per share.
The results did not meet Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for a loss of 69 cents per share.
The online home goods retailer posted revenue of $3.25 billion in the period, also missing Street forecasts. Eleven analysts surveyed by Zacks expected $3.29 billion.
For the year, the company reported a loss of $131 million, or $1.26 per share. Revenue was reported as $13.71 billion.
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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
