Revenue Update on Wayfair Inc(NYSE:W)

Wayfair Inc(NYSE:W) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 9, 2016. Company reported revenue of $786.93M. Analysts estimated a revenue of $782.41M. Earnings per share were $-0.43. Analysts had estimated an EPS of $-0.41.

In a different note, Longbow Research said it Initiates Coverage on Wayfair Inc, according to a research note issued on Jun 16, 2016. The shares have been rated ‘Neutral’ by the firm. William Blair said it Initiates Coverage on Wayfair Inc, according to a research note issued on Jun 10, 2016. The shares have been rated ‘Market Perform’ by the firm. Maxim Group said it Initiates Coverage on Wayfair Inc, according to a research note issued on May 26, 2016. The shares have been rated ‘Buy’ by the firm.

Wayfair Inc (W) shares turned negative on Wednesdays trading session with the shares closing down -0.66 points or -1.73% at a volume of 9,27,763. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $38.25. The peak price level was also seen at $38.25 while the days lowest was $37.16. Finally the shares closed at $37.39. The 52-week high of the shares is $50.83 while the 52-week low is $28.85. According to the latest information available, the market cap of the company is $3,178 M.

Several Insider Transactions has been reported to the SEC. On Aug 3, 2016, James Savarese (Chief Operating Officer) sold 500 shares at $46.14 per share price.Also, On Aug 3, 2016, Steven Conine (Co-Founder) sold 12,000 shares at $44.50 per share price.On Aug 3, 2016, Niraj Shah (director officer 10% owner (Chief Executive Offic) sold 12,000 shares at $44.49 per share price, according to the Form-4 filing with the securities and exchange commission.

Wayfair Inc. (Wayfair) is an online destination for the home. Through its e-commerce business model the Company offers browsing merchandising product discovery and prices for over seven million products from over 7000 suppliers across five brands: Wayfair.com Joss & Main AllModern DwellStudio and Birch Lane. The Company offers a range of furniture home furnishings decor and goods. Wayfair.com is its flagship mass market brand that focuses on offering a range of home furnishings and decor. Joss & Main is the Company’s online flash sales site. AllModern is an online destination for original design for home enthusiasts. DwellStudio is an online design studio for home furnishings. Birch Lane is a new destination for home designs. Wayfair also generates revenues online through its retail partners. Wayfair Media Solutions helps selected manufacturers retailers and other advertisers market to its consumer audience.

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