$Wayfair(W)$ 7:03 am Wayfair beats by $0.10, beats on revs; guides Q1 revs above consensus (W) : Reports Q4 (Dec) loss of $0.18 per share, excluding non-recurring items, $0.10 better than the Capital IQ Consensus Estimate of ($0.28); revenues rose 38.4% year/year to $408.6 mln vs the $368.79 mln consensus.
Direct Retail revenue, consisting of sales generated primarily through the sites of Wayfair's five brands, increased to $346.7 million, up 55.2 % year over year
Adjusted EBITDA was $(7.2) million.
Co issues upside guidance for Q1, sees Q1 revs of $375-390 mln vs. $352.50 mln Capital IQ Consensus, comprised of Direct Retail net revenue of $330 to $340 million and Other revenue of $45 to $50 million; Adjusted EBITDA margin of negative 3.5% to 4.0%.