India, May 1 -- Wayfair Inc. (W), Thursday announced financial results for the first quarter.
The company reported a net loss of $113 million or $0.89 a share, compared to $248 million or $2.06 a share last year.
On adjusted basis, earnings totaled $0.10 per share compared with a loss of $0.32 per share in the prior year quarter.
Analysts, on average, estimated loss of $0.2 per share for the first quarter.
The quarterly revenue stood at $2.730 billion compared to $2.729 billion in the previous year.
In the pre-market hours, Wayfair's stock is trading at $31.66, up 4.97 percent on the New York Stock Exchange.
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