Why Wayfair Stock Rose Higher Today
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