BOSTON (AP) — BOSTON (AP) — Wayfair Inc. (W) on Thursday reported a loss of $351 million in its fourth quarter.
On a per-share basis, the Boston-based company said it had a loss of $3.26. Losses, adjusted for one-time gains and costs, came to $1.71 per share.
The results fell short of Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for a loss of $1.63 per share.
The online home goods retailer posted revenue of $3.1 billion in the period, which topped Street forecasts. Eleven analysts surveyed by Zacks expected $3.06 billion.
For the year, the company reported a loss of $1.33 billion, or $12.54 per share. Revenue was reported as $12.22 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on W at https://www.zacks.com/ap/W
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