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Why Wayfair Stock Rose Higher Today

TheMotleyFool

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Why Wayfair Stock Rose Higher Today: https://g.foolcdn.com/editorial/images/707726/gettyimages-1307615661.jpg

Wayfair (NYSE: W) grew more optimistic about the company today after it reported third-quarter financial results that were slightly better than Wall Street's expectations.

While the quarter wasn't all good news, Wayfair beat analysts' consensus top and bottom line results, sending the e-commerce stock up 5.2% at the end of the trading day.

Wayfair's total sales fell by 9% from the year-ago quarter to $2.84 billion, but were a bit better than analysts' consensus estimate of $2.82 billion for the quarter.

Source Fool.com

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