Overstock's Earnings Still Under 'The O' (OSTK), Inc. (NASDAQ: OSTK) has just reported earnings.  The online ‘overstock’ retailer, or “The O,” has posted an 8% decline in revenue of $187.4M and a net loss at -$0.09 EPS.  We unfortunately did not have an accurate pool of estimates for a comparison.  But this does represent an $0.11 improvement compared with the -$0.20 EPS in the same period a year ago.

Gross margins came in  20.1%, up from 16.7% a year ago and we saw an 11% increase in gross profit to $37.7 million.  Overstock’s adjusted EBITDA improved to $14.3 million, a $13.2 million gain.

The company ended the quarter with $78.607 million in cash on hand and managed to trim its net inventory from $17.723 million at December 31 down to $11.695 million at the end of March.

Shares have reacted positively to earnings so far with a gain today of 11% at $12.59; its 52-week trading range is $6.34 to $29.59.  Many consider Overstock a hybrid company that falls somewhere in between and eBay.  They key difference is that the company is still losing money each quarter, and the others are not.


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