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financial results

Wayfair revenue increased by 66.5%

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The FINANCIAL — Wayfair Inc. (NYSE: W), one of the world’s largest online destinations for the home, today reported financial results for its third quarter ended September 30, 2020. Third Quarter 2020 Financial Highlights Total net revenue increased $1.5 billion to $3.8 billion, up 66.5% year over year U.S. net revenue increased $1.3 billion, up 66.5% year over year International net revenue increased $225.9 million, up 66.7% year over year. International segment Net Revenue Constant Currency Growth was 63.9% Gross profit was $1.1 billion or 29.9% of total net revenue Net income was $173.2 million Non-GAAP Adjusted EBITDA and Adjusted…

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Wayfair revenue increased by 66.5%

1 min read

The FINANCIAL — Wayfair Inc. (NYSE: W), one of the world’s largest online destinations for the home, today reported financial results for its third quarter ended September 30, 2020. Third Quarter 2020 Financial Highlights Total net revenue increased $1.5 billion to $3.8 billion, up 66.5% year over year U.S. net revenue increased $1.3 billion, up…

Huawei announced third-quarter results

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The FINANCIAL — Huawei today announced its business results for the first three quarters of 2020. During this period, Huawei generated CNY671.3 billion in revenue, an increase of 9.9% over the same period last year. The company’s net profit margin in this period was 8.0%. Throughout the first three quarters of 2020, Huawei’s business results basically…

Volvo Group published third quarter 2020 financial results

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 The FINANCIAL — Volvo Group reported Q3 financial results. In Q3 2020, net sales amounted to SEK 76.9 billion (98.7). Adjusted for currency movements, net sales decreased by 16%. •    Adjusted operating income amounted to SEK 7,217 M (10,885), corresponding to an adjusted operating margin of 9.4% (11.0). •    Reported operating income amounted to SEK…