10:01 AM EDT, 05/02/2024 (MT Newswires) -- Wayfair ( W ) shares were rising nearly 14% in recent Thursday trading after the company's Q1 adjusted loss and net revenue came in ahead of analysts' estimates.

The company reported a Q1 adjusted loss Thursday of $0.32 per diluted share, narrower than a loss of $1.13 a year earlier.

Analysts polled by Capital IQ expected a loss of $0.40.

Net revenue for the quarter ended March 31 was $2.73 billion, down from $2.77 billion a year earlier.

Analysts surveyed by Capital IQ expected $2.64 billion.

Price: 57.55, Change: +7.02, Percent Change: +13.89