Wayfair (W) Q4 Loss Narrower Than Expected, Revenues Rise Y/Y

Wayfair (W) reported a fourth-quarter 2023 non-GAAP loss of 11 cents per share, narrower than the Zacks Consensus Estimate for a loss of 23 cents per share. The company reported a loss of $1.71 per share in the year-ago quarter.Net revenues of $3.11 billion surpassed the consensus mark by 0.5%. The top line increased 0.4% year over year.Growth in the active customer base positively impacted results. Active customers were up 1.4% year over year to 22.4 million and beat the consensus mark by 0.51%.LTM net rev ...