Previous close | 0.3300 |
Open | 0.3300 |
Bid | 0.3200 |
Ask | 0.4300 |
Strike | 95.00 |
Expiry date | 2024-07-19 |
Day's range | 0.3300 - 0.3300 |
Contract range | N/A |
Volume | |
Open interest | 175 |
Shares of Wayfair (W) move higher as the online furniture retailer posted its first-quarter earnings, topping revenue estimates and narrowing its expected losses per share. Wayfair's active consumers rose by 22.3 million, or 2.8%, in the quarter. The company laid off 13% of its staff at the beginning of 2024. Catalysts Co-Hosts Madison Mills and Brian Sozzi break down Wayfair's earnings figures. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino
Shares of online home goods retailer Wayfair (NYSE: W) jumped 18.6% in the morning session after the company reported first quarter results that beat analysts' revenue and adjusted EBITDA expectations. Q2 guidance, which was given on the earnings call, was also comforting as it was lin line to slightly above expectations. Specifically, Wayfair expects Q2 revenue to be flat to slightly up year on year compared to Q2 last year, in line with expectations. Adjusted EBITDA margin in Q2 is expected to
The furniture company reported first-quarter revenue of $2.73 billion, topping Wall Street’s call for $2.64 billion.