Wayfair (W) reported a third quarter non-GAAP loss of $0.54 per share Tuesday morning, compared to the loss of $0.13 per share last year. Analysts were expecting a loss of $0.59.
Wayfair gapped open sharply lower Tuesday morning and has continued to lose ground in early trade. The stock is now down 5 points at $28.65 on above average volume. Wayfair has been on a downtrend since late September and has set a new low for the year.
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