Wayfair shares fall 3% in premarket despite strong third-quarter results
W Wayfair Inc
$111.92 +0.39%
View chart & analysis → - 1Wayfair shares fell 3% during premarket trading.
- 2Wayfair recorded third-quarter revenue of $3.42 billion.
- 3Wayfair's third-quarter adjusted earnings per share of $0.93 exceeded analyst expectations by $0.14.
So what's the key point?
Wayfair earned good money in the third quarter, but its stock price fell 3% before the market opened. The stock price went down even though earnings were $0.14 higher than what experts expected.
Source Investing.com +1 · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.