MIDVALE, Utah (AP) — MIDVALE, Utah (AP) — Overstock.com Inc. (OSTK) on Thursday reported a loss of $10.3 million in its first quarter.
The Midvale, Utah-based company said it had a loss of 23 cents per share. Losses, adjusted for non-recurring costs, were 10 cents per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 16 cents per share.
The online discount retailer posted revenue of $381.1 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $358.5 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OSTK at https://www.zacks.com/ap/OSTK
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