Wayfair Stock Soars As Home Furnishing Retailer Trimmed Its Losses in Q1

Key TakeawaysWayfair on Thursday reported better-than-expected first-quarter results, sending shares of the online home furnishings retailer sharply higher.Wayfair's chief financial officer, Kate Gulliver, said the company experienced a positive impact on costs in the latest quarter after it cut staff in January.Chief Executive Officer Niraj Shah said the quarter ended on an "upswing" for Wayfair and that shoppers are increasingly choosing to shop with the company. Wayfair (W) shares soared Thursday after t ...