Wayfair Inc.'s net revenue rose by two-thirds, more than Wall Street analysts were expecting for the third quarter, while adjusted earnings also topped estimates.
The furniture and home decor retailer's earnings were $173.2 million for the three months. The company reported a loss a year ago of $272 million.
Earnings for the third quarter were $1.67 a share, compared with a year earlier's loss of $2.94 a share.
Wayfair's adjusted earnings were $2.30 a share. According to FactSet, analysts were expecting 82 cents a share.
Net revenue rose by 67% to $3.84 billion from $2.31 billion. Analysts were expecting $3.66 billion.
The company reported 28.8 million active customers for its direct retail business, which rose by just more than half from a year ago.
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