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Wayfair (W) Stock Declines on Q1 Loss

NEW YORK (TheStreet) -- Wayfair (W - Get Report) stock is falling by 1.61% to $35.46 in pre-market trading on Monday, after the online home furnishings and decor retailer reported a wider-than-anticipated loss for the 2016 first quarter.

The Boston-based company reported a loss of 36 cents per share for the three months ended March 31, while analysts had estimated for a loss of 33 cents per share.

Revenue jumped by 76.1% year over year to $747.35 million for the latest quarter, exceeding estimates of $694.85 million.

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