Actionable Stock Market Trading Newswire. Built for Traders, by Traders.
All news is property of their respective owners.

Wayfair: Q1 Earnings Insights

Wayfair (NYSE:W) reported its Q1 earnings results on Thursday, May 4, 2023 at 07:00 AM. Here’s what investors…
byBenzinga Insights
May 4, 2023
1 minute read
Total
0
Shares
0
0
0
0
0
0

Wayfair (NYSE:W) reported its Q1 earnings results on Thursday, May 4, 2023 at 07:00 AM.

Here’s what investors need to know about the announcement.

Earnings

Wayfair beat estimated earnings by 35.8%, reporting an EPS of $-1.13 versus an estimate of $-1.76.

Revenue was down $219.00 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.1 which was followed by a 2.35% drop in the share price the next day.

Here’s a look at Wayfair’s past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate -1.61 -2.03 -1.89 -1.56
EPS Actual -1.71 -2.11 -1.94 -1.96
Revenue Estimate 3.06B 2.83B 3.19B 3.00B
Revenue Actual 3.10B 2.84B 3.28B 2.99B

To track all earnings releases for Wayfair visit their earnings calendar here.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

 
Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
Share 0
Share 0
Related Posts
Read More

Organigram Reports 16% YoY Revenue Drop But Kicks Off Year ‘With A Bang,’ Says CEO On Hundreds Of Millions In Tobacco Giant BAT Investment

By Jelena Martinovic
February 13, 11:45 AM
Canadian cannabis producer Organigram reported a 16% decrease in net revenue for Q1 2024 due to a reduction in international revenue and medical sales. The company announced in November that it had received a CA$124.6m ($93m) strategic equity investment from BT DE Investments, a subsidiary of tobacco company British American Tobacco. Organigram shareholders approved the investment in January, and the company completed the first tranche of the investment for $41.5m. CEO Beena Goldenberg said the investment had removed a significant amount of risk from Organigram's business and enhanced its competitive advantages. The investment allows the cannabis producer to utilize its facilities, research and development capabilities, and market leadership to expand its reach within the Canadian market and beyond. Organigram's Q1 financial highlights included a drop in gross margin, an increase in selling and administrative expenses, a net loss of CA$15.8m, and positive adjusted EBITDA of CA$135,000.

BTI