“`html
Agilysys, Inc. (AGYS) and Wayfair Inc. (W) reported strong quarterly earnings that significantly exceeded expectations, triggering a stock spike of over 20% for both companies on Tuesday, hitting new 52-week highs above $100 per share.
Agilysys’ fiscal Q2 sales increased 16% year-over-year to $79.3 million, surpassing estimates of $76.74 million. Subscription revenue grew 33% year-over-year, accounting for over 60% of total sales. Wayfair’s Q3 sales rose 5% to $3.27 billion, exceeding expectations of $3.13 billion, with EPS soaring 87% to $0.87, well above the anticipated $0.36.
Both companies also provided positive guidance, with Agilysys raising its full-year revenue forecast to $315-$318 million and Wayfair projecting mid-single-digit revenue growth for Q4, with Zacks Consensus at $3.01 billion.
“`
