Why Wayfair Stock Is Up Today

Wayfair stock surged 11% after reporting stronger-than-expected Q3 profits with 9.7% revenue growth to $3.4 billion. The company achieved double-digit U.S. revenue growth of 11.4%, gaining market share in a flat category. Adjusted EPS jumped 33% to $0.93, beating Wall Street estimates of $0.79. Active customers grew 4.7% to 22.2 million with increased order frequency, and the company expects continued momentum with high single-digit Q4 revenue growth.