Wayfair (W) in our Pivotal Point Check: Surprisingly Strong Quarterly Results and Improved Profitability - Loyal Repeat Customers Drive Q3 Revenue to $3.1 Billion!
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Adjusted earnings per share of $0.70 significantly exceeded analyst estimates of $0.44. Repeat buyers contributed to higher order volume and an increase in average order value. The forecast for Q4 is above analysts' expectations and signals a healthy holiday season. Wayfair is an e-commerce provider specializing in furniture and home decor items. The company operates a large online platform where customers can find millions of products for their homes. Wayfair benefits from the ongoing trend of online shopping in the home and furnishings...
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