Wayfair Q3 Earnings Beat Estimates, Revenues Down Y/Y

Wayfair (W) reported third-quarter 2024 non-GAAP earnings of 22 cents per share, beating the Zacks Consensus Estimate by 46.67%. The company reported a loss of 13 cents per share in the year-ago quarter.Net revenues of $2.88 billion beat the consensus mark by 0.04%. The top line decreased 2% year over year.Last Twelve Months (LTM) net revenues per active customer decreased 1.3% year over year to $545, which beat the Zacks Consensus Estimate by 5.17%.Further, the active customer base declined. The metric dec ...