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Wayfair Shares Fall as Q1 Adjusted Earnings Miss Estimates Despite Higher Revenue
Wayfair (W) shares were down 4.6% in Thursday trading after the company reported Q1 adjusted earnings that missed analysts' estimates, while net revenue topped expectations.The company reported Q1 adjusted earnings Thursday of $0.26 per diluted share, up from $0.10 a year earlier.Analysts polled by FactSet expected $0.28.Net revenue for the quarter ended March 31 was $2.93 billion, up from $2.73 billion a year earlier.Analysts surveyed by FactSet expected $2.89 billion.Price: $70.34, Change: $-3.04, Percent Change: -4.14%
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