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Wayfair shares surge 11% on third-quarter earnings beating expectations

The Motley Fool · ·by G4L

W
W Wayfair Inc
$111.92 +0.39%
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  1. 1Wayfair shares rose 11% on Wednesday.
  2. 2Wayfair recorded $3.4 billion in net sales for the third quarter, a 9.7% increase year-over-year.
  3. 3CEO Niraj Shah stated that market share expansion is structural through order and customer momentum.

So what's the key point?

Wayfair's stock price rose 11% because the company earned more money than expected. This means its market share is growing as more people are placing orders.

Source The Motley Fool · View original ↗

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