Wayfair Inc. shares sank 13.7% in Tuesday premarket trading after the online home furnishings company reported a third-quarter sales miss. Net loss for the quarter was $60.9 million, or 72 cents per share, compared with a loss of $15.5 million, or 18 cents per share, for the same period last year. Adjusted loss per share was 54 cents, narrower than the 59-cent loss FactSet estimate. Revenue for the quarter was $861.5 million, up from $594.0 million last year and missing the $862.0 million FactSet consensus. Wayfair shares are down 29.3% for the year so far while the S&P 500 Index is up 4.3%.
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