Wayfair Inc. reported first-quarter earnings that exceeded market expectations despite concerns about tariffs. The company posted adjusted earnings per share of $0.10, surpassing the consensus estimate of a $0.20 loss per share. Total net revenue was $2.7 billion, essentially flat year-over-year and slightly below the consensus estimate of $2.71 billion. U.S. net revenue increased by $38 million, or 1.6%, to $2.4 billion. Despite a diluted loss per share of $0.89 on a GAAP basis, the positive adjusted earnings and stable revenue contributed to a rise in Wayfair's shares, which gained as much as 19% in premarket trading following the earnings release.