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. 

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Source Fool.com