Benzinga | Aug 5, 2020 07:44AM EDT

Wayfair: Q2 Earnings Insights

Shares of Wayfair (NYSE:W) decreased 0.1% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share increased 331.85% year over year to $3.13, which may not compare to the estimate of $0.95.

Revenue of $4,305,000,000 rose by 83.74% year over year, which beat the estimate of $4,040,000,000.

Outlook

Wayfair hasn't issued any earnings guidance for the time being.

Wayfair hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Aug 05, 2020

Time: 08:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https://wayfair2019rd.s4.q4web.com/preview/preview.aspx%3FSectionId%3D2237b9ec-83f2-4f43-a172-a84c056c40fa%26LanguageId%3D1%26ResetDate%3D1&eventid=2395331&sessionid=1&key=71ED52329902ADA821E939157D99D6B0&regTag=&sourcepage=register

Recent Stock Performance

52-week high: $294.88

52-week low: $21.70

Price action over last quarter: Up 60.39%

Company Description

Wayfair engages in e-commerce in the United States and Europe. At the end of 2019, the firm offered approximately 18 million products from more than 12,000 suppliers for the home sector under the brands Wayfair, Joss & Main, AllModern, DwellStudio, Birch Lane, and Perigold. This includes a selection of furniture, decor, decorative accent, housewares, seasonal decor, and other home goods. Wayfair was founded in 2002 and is focused on helping people find the perfect product at the right price.