Wayfair: Q4 Earnings Snapshot

Associated Press Finance
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BOSTON (AP) — BOSTON (AP) — Wayfair Inc. (W) on Thursday reported a loss of $174 million in its fourth quarter.

The Boston-based company said it had a loss of $1.49 per share. Losses, adjusted for stock option expense and pretax expenses, were 11 cents per share.

The results beat Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for a loss of 23 cents per share.

The online home goods retailer posted revenue of $3.11 billion in the period, which also beat Street forecasts. Thirteen analysts surveyed by Zacks expected $3.1 billion.

For the year, the company reported a loss of $738 million, or $6.47 per share. Revenue was reported as $12 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

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