Overstock: Q2 Earnings Snapshot
MIDVALE, Utah (AP) _ Overstock.com Inc. (OSTK) on Thursday reported second-quarter earnings of $7.1 million.
The Midvale, Utah-based company said it had profit of 12 cents per share. Earnings, adjusted for non-recurring costs, came to 19 cents per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share.
The online discount retailer posted revenue of $528.1 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $636.2 million.