Overstock.com (OSTK) Misses Q4 EPS by 39c, Revenues Beat

Overstock.com (NASDAQ: OSTK) reported Q4 EPS of ($0.73), $0.39 worse than the analyst estimate of ($0.34). Revenue for the quarter came in at $370.9 million versus the consensus estimate of $356.66 million.

"The results of our fourth quarter and fiscal year were in line with our previously revised guidance," said Overstock CEO Jonathan Johnson. "Our retail business performed well despite a competitive holiday shopping season, and we continue to make progress toward our goal of realizing sustainable, profitable growth. Having achieved stability and identified key areas in which to focus our efforts, we are now moving into a phase of disciplined execution against our retail strategy. tZERO has also made impressive progress on its platform and we look forward to the issuance of our digital dividend and the increased platform activity we believe will result. Our other Medici Ventures companies continue to make progress as well, and I'll discuss those achievements in more detail during our call. I will also discuss the status of our dividend and provide other important corporate updates. As we look ahead in 2020, we are as optimistic as ever and confident about our ability for the company to continue to be the innovative leader in the e-commerce space that we've been known for throughout the years."

For earnings history and earnings-related data on Overstock.com (OSTK) click here.

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