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Los Angelas, CA -- (SBWIRE) -- 10/27/2012 -- Overstock.com, Inc. (Overstock) is an online retailer offering discount brand name, non-brand name and closeout merchandise, including bed-and-bath goods, home decor, kitchenware, furniture, watches and jewelry, apparel, electronics and computers, sporting goods, and designer accessories, among other products. The Company is also a channel through, which customers can purchase cars, insurance and travel products and services. Overstock sells advertising. The Company also sells books, magazines, compact discs (CDs), digital versatile discs (DVDs) and video games (BMMG). Overstock sells these products through its Internet Websites located at www.overstock.com, http://www.o.co and http://www.o.biz. Overstock operates in two segments: direct business and fulfillment partner business.
How Should Investors Trade OSTK Now? Find Out Here
Stocks of the online store Overstock.com are dealing considerably greater following the business's Q3 financial review. For the interval, the organization published income of $255.4 thousand, up 7% from a season ago, and 6.6% above the second one fourth level. Earnings of 11 pennies a discuss were up from a decrease in 33 pennies a season ago, and a benefit of 2 pennies a discuss in the second one fourth. Total edge enhanced to 18.2%, from 16% in the season ago one fourth and 18.0% in the second one fourth. Overstock does not have what you would consider a massive following on the offer side; the one specialist who follows the organization as revealed by FactSet had been anticipating $253.8 thousand in income and a decrease in 10 pennies a discuss.
Can OSTK Continue To Move Higher? See The Details
The company revealed EPS that defeat objectives by over 200%. The lower price store is up almost 100% season up to now, and revealed income up 7% and income up 400% from the same period last season. Overstock has seen good choices activity based on the income statement.
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