((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))
(Update)
November 1 – **Shares of online furniture retailer Wayfair WN reverse pre-market gains, down about 4% to $41.24 in morning trading
**Company expects Q4 revenue to be down in the low single digits – Kate Gulliver, CFO, on post-earnings conference call
**We recognize that the weakness of the Way Day category, on top of all the distractions consumers are currently facing, is creating a challenging operating environment – Gulliver
**Weaker traffic trends in October, weak industry demand indicators, potential demand volatility due to the presidential election, and fewer days between Thanksgiving and Christmas this year have impacted Co's guidance for the fourth quarter – Wedbush
**Wayfair's 3Q adjusted earnings of 22 cents/share beat estimates of 13 cents/share; 3rd quarter revenue of $2.88 billion meets estimates – LSEG
** Gross margin as a percentage of revenue was 30.3% compared to 30.2% in Q2
** At close, Wayfair was down 30.1% year to date
