Tuesday, Nov. 3, 2009

Overstock.com loses $787K in 3Q

SALT LAKE CITY (AP) - Overstock.com Inc. said on Tuesday that it lost $787,000 in the third quarter, about half the size of its loss during the same period a year earlier.

The online retailer's loss worked out to 3 cents per share for the quarter ended Sept. 30, versus a loss of $1.6 million, or 7 cents per share, a year earlier.

Revenue rose 4.4 percent to $195.1 million, from $186.9 million a year earlier.

Analysts surveyed by Thomson Reuters were expecting a loss of 3 cents per share.

The company recognized $117,000 in recoveries from partners and a freight carrier for charges from 2008.

Overstock shares had risen 89 cents, or 6.5 percent, to close at $14.53 before the announcement. They rose another 32 cents, or 2.2 percent, to $14.85 in late trading.

2009-11-04     00:36:10 GMT

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