Wayfair (NYSE:W) saw its shares gain more than 4% intra-day today following its third-quarter results, which presented a mixed picture.
For the quarter, Wayfair posted an adjusted EBITDA of $100 million, a contrast to the $124 million loss experienced in the same quarter the previous year, but surpassing the consensus estimate of $57.6 million. Furthermore, the company recorded an adjusted loss per share of 13 cents, showing a notable recovery from the $2.11 loss per share a year earlier and coming in better than the projected loss of 44 cents per share.
On the downside, Wayfair’s quarterly net revenue came in at $2.94 billion, a modest 3.7% increase year-over-year but falling short of the average analyst forecast of $2.98 billion.