NEW YORK (TheStreet) -- Shares of Wayfair Inc. are gaining by 16.83% to $29.50 in mid-morning trading on Wednesday, after the company posted a narrower than expected fourth quarter 2014 earnings per share loss. The company, which operates an e-commerce business designed to help consumers find items for the home, said its non-GAAP diluted loss for the most recent quarter was a loss of 18 cents per share versus the loss of 28 cents per share analysts had forecast. For the 2013 fourth quarter Wayfair posted a loss of 10 cents per share. Exclusive Report: Jim Cramer's Best Stocks for 2015 The company said revenue for the latest quarter grew by 38.4% to $408.6 million when compared to the same period from a year ago. Analysts were expecting $368.80 million in revenue for the fiscal 2014 fourth quarter. "We're very pleased with the fourth quarter and full year results and the company's continued strong growth. We are particularly excited about the success of our holiday merchandising efforts and our ongoing customer growth. We remain committed to both building the market leading online home brands and to delivering long term value for investors," Niraj Shah, co-founder, CEO and co-chairman of Wayfair, said in a statement. W data by YCharts
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