Wayfair (W) Stock Closes Higher on Projected Year-Over-Year Earnings Growth
NEW YORK (TheStreet) -- Wayfair (W) - Get Report shares closed Thursday's trading session up 3.9% to $45.84 on heavy trading volume as the company is estimated to report strong third quarter 2015 earnings results on Tuesday before the market opens.
Year-over-year, its profits and sales are projected to increase.
Analysts are anticipating the company to report a loss of 24 cents a share on revenue of $523.39 million for the latest quarter.
In the same period the year prior, the company reported a loss of 29 cents a share on revenue of $336.2 million.
More than 1.8 million shares had changed at the close, above its average trading volume of about 1.4 million shares.
Based in Boston, Wayfair engages in the e-commerce business in the U.S. It offers approximately seven million home products under various brands.
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