Overstock.com Down 6% on 3rd Quarter Earnings

Overstock.com reported third quarter earnings after the bell Monday. The Utah-based discount e-tailer reported a quarterly loss of 8 cents per share or $2.1 million, down from $1.6 million in profit last year. Overstock brought in $391.2 million in revenue, an 11% increase year-over-year, but beneath the Yahoo Finance analyst estimate of $401.6 million. A 9% increase in total orders coupled with… Read More...