Wayfair: 4Q Earnings Snapshot

Wayfair: 4Q Earnings Snapshot

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BOSTON (AP) _ Wayfair Inc. (W) on Friday reported a loss of $143.8 million in its fourth quarter.

The Boston-based company said it had a loss of $1.59 per share. Losses, adjusted for stock option expense and pretax expenses, were $1.12 per share.

The results topped Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for a loss of $1.30 per share.

The online home goods retailer posted revenue of $2.01 billion in the period, which also beat Street forecasts. Thirteen analysts surveyed by Zacks expected $1.97 billion.

For the year, the company reported that its loss widened to $504.1 million, or $5.63 per share. Revenue was reported as $6.78 billion.

Wayfair shares have climbed 30 percent since the beginning of the year. The stock has risen 23 percent 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

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