Overstock.com (OSTK) Tops Q1 EPS by 23c, Revenues Beat
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Overstock.com Reports Q1 2020 Results and Preliminary Impact of COVID-19 with April retail sales up over 120% year over year
April 30, 2020 8:01 AM EDTSALT LAKE CITY, April 30, 2020 (GLOBE NEWSWIRE) -- Overstock.com, Inc. (NASDAQ: OSTK), a tech-driven online retailer and advancer of blockchain technology, today reported financial results for the quarter ended March 31, 2020.
First Quarter Financial Highlights
Total net revenue was $352 million, a decrease of 4% year over yearGross profit was $76 million or 21.6% of total revenue, an improvement of 169 basis points year over yearNet loss attributable to stockholders of Overstock.com, Inc. was $16 million, an improvement of $23 million year over yearNet loss per share was $0.40, an improvement of $0.78 year... More