Online furniture retailer Wayfair’s net loss widened in the first quarter as its sales surged nearly 20%, with more people flocking to its website to furnish their home offices and bedrooms during the coronavirus pandemic.
Its shares fell roughly 3% in premarket trading following the announcement.
Here’s how the company did in the first quarter ended March 31:
- Earnings per share: A loss of $2.30, adjusted
- Revenue: $2.33 billion