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Why Wayfair Stock Spiked This Week

TheMotleyFool

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Wayfair (NYSE: W) delivered better-than-expected earnings results for the second quarter, sending the stock surging 15.1% week to date, as of 3:33 p.m. EDT on Thursday.

The stock had been nosediving in recent weeks, so there were clearly low expectations heading into the earnings report. While revenue of $3.9 billion met the consensus analyst estimate, adjusted earnings per share (EPS) of $1.89 came in well above expectations of $1.16.