Overstock.com, Inc. (OSTK) Tops Q3 EPS by 1c
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Overstock.com Reports Q3 2014 Results
October 23, 2014 9:00 AM EDTSALT LAKE CITY, Oct. 23, 2014 (GLOBE NEWSWIRE) -- Overstock.com, Inc. (Nasdaq: OSTK) today reported financial results for the quarter ended September 30, 2014.
Key Q3 2014 metrics (comparison to Q3 2013):
Revenue: $353.0M vs. $301.4M (17% increase); Gross profit: $67.1M vs. $59.2M (13% increase); Gross margin: 19.0% vs. 19.6% (60 basis point decrease); Sales and marketing expense: $25.4M vs. $22.5M (13% increase); Contribution (non-GAAP measure): $41.6M vs. $36.7M (13% increase); G&A/Technology expense: $39.3M vs. $33.2M (18% increase); Pre-tax income: $2.0M vs. $3.6M ($1.6M decrease); Provision for income taxes: $413,000 vs. $91,000 ($322,000 increase); Net income: $1.6M vs.... More