India, Aug. 4 -- Online home store Wayfair Inc. (W) reported Monday a profit in its second quarter, compared to prior year's loss, with strong growth in revenues. Both adjusted earnings per share and top line beat market estimates.
In the pre-market activity, Wayfair shares were gaining around 13.8 percent to trade at $74.35.
In the second quarter, net income was $15 million or $0.11 per share, compared to prior year's net loss of $42 million or $0.34 per share.
Adjusted earnings per share were $0.87, compared to $0.47 a year ago.
The Wall Street analysts on average expected the company to report earnings of $0.33 per share. Analysts' estimates typically exclude special items.
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