Changes in US stocks | Wayfair (W.US) surged more than 29%, Q2 results exceeded expectations

The Zhitong Finance App learned that on Tuesday, Wayfair (W.US) soared more than 29% to the latest report of $115.40. According to the news, the second-quarter financial report shows that the company's revenue reached 3.5 billion US dollars, an increase of 7% over the previous year, exceeding market expectations by about 30 million US dollars. Non-GAAP free cash flow for the quarter reached US$301 million, a record high since 2020.

GAAP earnings per share for the second quarter changed from a profit of $0.11 in the same period last year to a loss of $0.01. The main reason was a debt settlement loss of $59 million due to the repurchase of US$145 million of notes due in 2028; non-GAAP adjusted earnings per share were $0.95, up 9% year over year, higher than market expectations of $0.03. The gross margin remained at 30%.