Wayfair's losses narrow by more than $100 million after layoffs, even as sales dip [MSNBC.com]
FactSet Research Systems Inc. (FDS)
Last factset research systems inc. earnings: 3/26 07:01 am
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Source: MSNBC.com
ayfair'scutting 13% of its workforceayfair beat all Street's expectations on the top and bottom lines and saw active customers grow nearly 3% compared to the year-ago period.Here's how ayfair did compared with what all Street was anticipating, based on a survey of analysts by LSEG:ayfair shares rose as much as 9% in premarket trading Thursday.The company's reported net loss for the three-month period that ended March 31 was $248 million, or $2.06 per share, compared with a loss of $355 million, or $3.22 per share, a year earlier. Excluding one-time items, the company lost 32 cents per share.Sales dropped to $2.73 billion, down more than 1% from $2.77 billion a year earlier. The steepest drop off came from ayfair's international segment, where sales fell nearly 6% to $338 million compared to the year-ago period.Despite the sales drop, CEO and co-founder Niraj Shah struck a positive note in a news release, saying the quarter "ended on an upswing.""Shoppers are increasingly choosing ayfa
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FDS
Earnings
- 3/21/24 - Beat
FDS
Sec Filings
- 5/16/24 - Form 4
- 5/15/24 - Form 144
- 5/10/24 - Form 4
- FDS's page on the SEC website