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Wayfair stock jumps on Q1 earnings, rise in active customers

Shares of Wayfair (W) move higher as the online furniture retailer posted its first-quarter earnings, topping revenue estimates and narrowing its expected losses per share. Wayfair's active consumers rose by 22.3 million, or 2.8%, in the quarter. The company laid off 13% of its staff at the beginning of 2024.

Catalysts Co-Hosts Madison Mills and Brian Sozzi break down Wayfair's earnings figures.

For more expert insight and the latest market action, click here to watch this full episode of Catalysts.

This post was written by Nicholas Jacobino