=Wayfair (W) reported earnings on Tue 9 May 2017 (b/o)

BOSTON (AP) _ Wayfair Inc. (W) on Tuesday reported a loss of $56.5 million in its first quarter.

On a per-share basis, the Boston-based company said it had a loss of 66 cents. Losses, adjusted for stock option expense and pretax expenses, were 48 cents per share.

The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 56 cents per share.

The online home goods retailer posted revenue of $960.8 million in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $939.2 million.

Wayfair shares have risen 46 percent since the beginning of the year. The stock has risen 42 percent in the last 12 months.