Wayfair Inc. reported its third-quarter earnings, revealing a non-GAAP earnings per share (EPS) of $0.22, surpassing consensus estimates of $0.15. The company's revenue reached $2.9 billion, slightly above the expected $2.88 billion, but marked a 2% decline year-over-year. Despite the earnings beat, Wayfair reported a net loss of $74 million, an improvement from a loss of $163 million in the same quarter last year. The gross profit stood at $873 million, reflecting a margin of 30.3%, while adjusted EBITDA increased to $119 million from $100 million year-over-year. However, the company faced challenges in the furniture category, with orders delivered falling to 9.3 million, down 6.1% year-over-year. Active customers also decreased to 21.7 million, down 2.7% from the previous year. Looking ahead, Wayfair guided for low single-digit revenue declines in the fourth quarter, amid a cautious consumer environment and increased price sensitivity. Additionally, the company plans to lay off 218 employees as part of its restructuring efforts.