Wenfire stock revenue jumped like a crush


Wafer (W) reported third-quarter results early Tuesday that easily beat analysts’ estimates. Wafer stock rose on the news.




X



The e-commerce company has adjusted its earnings per share to 30 2.30 billion on revenue of 3. 3.84 billion. Wall Street expects 80 cents per share on revenue of 65 3.65 billion.

Wafer stock rose 7.2% to close at 274.11 in the stock market today.

Retline retailers of furniture, appliances and home decor products have seen a surge in sales as consumer purchases change during the epidemic.

The Boston-based company operates a wide variety of websites, with a variety of types and price issues. In addition to Wafer.com, other websites it runs include Birch Lane, Jose & Maine and Perigold.

Wafer stock: active customers above 51%

Wafer said the number of customers active in its direct retail business rose 28% to 28.8 million, up 51% from a year earlier.

“The pace of the category is vibrant, demand is moving at a fast moving line, and we expect the home to be even more important than usual when the holidays are celebrated this year,” chief executive Niraj Shah said in a written comment with Weifer’s earnings. Release.

Repeat customers placed 72% of total orders in the third quarter, 67%.

The IBD stock checkup shows that the Wayfire stock has an IBD composite rating of 75 out of the best possible 99. The rating means that Wayfire is currently ahead of 75% of all stocks. It is in terms of the most important basic and technical stock-pick criteria.

In addition, the relative strength rating of the wafer stock is 97 97. The rating shows the market leadership how the share price movement in the last 52૨ weeks has taken action compared to other stocks. The relative strength line of the wafer stock has also been la, but it is coming after a strong run.

Wafer stock has risen about 185% this year.

To find the best stocks to buy or view, check IBD stock listings and other IBD research.

Please follow Brian Degan here on Twitter IBD_B Diagon For more on tech stocks, analysis and financial markets.

You may also like:

Wafer, IBD Stock The F The Day, Brings Home Comfort in Epidemic Climate

Make investing easy and profitable with leaderboards

Short-term benefits in a swing trading environment

Catch the next big winning stock with Marketsmith

Unlock premium stock listings, investment instruments and analysis