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OSTK / Overstock stock drops nearly 7% after surprise loss, revenue that fell well short of expectations

Shares of Overstock.com Inc. OSTK, -3.57% took a 6.9% hit in premarket trading Wednesday, after the online home furnishings seller reported a surprise fourth-quarter loss and revenue that fell well short of expectations, amid “shifting” consumer demand and a “highly promotional” competitive environment. The company swung to a net loss of $15.5 million, or 34 cents a share, from income of $32.9 million, or 68 cents a share, in the year-ago period. Read More

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Posted: Feb 22 2023, 06:25

Author Name: Market Watch

OSTK News

By The Motley Fool
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By InvestorPlace
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This Overstock.com Director Just Bought $600,000 Worth of OSTK Stock

Providing a much-needed confidence boost, Overstock.com (NASDAQ: OSTK ) Director Marcus Lemonis recently bought roughly $600,000 worth of OSTK stock.

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Overstock.com's (OSTK) Q3 Earnings Beat, Revenues Fall Y/Y

Overstock.com's (OSTK) third-quarter 2023 reflect a year-over-year decline in both the top and bottom lines.

By Yahoo Finance
October 26, 2023

Overstock CEO talks earnings, Bed Bath & Beyond, holiday shopping, growth outlook

Online retailer Overstock.com (OSTK) missed on top and bottom line estimates in the third quarter. Overstock has also acquired the trademarks and digi

By Forbes
October 26, 2023

Overstock Targets New Users To Go Beyond Downbeat Third Quarter

Online home goods retailer Overstock missed analysts' expectations for Q3 2023, with revenue down 18.9% year on year to $373.3 million, it confirmed t

By Zacks Investment Research
October 26, 2023

Overstock.com (OSTK) Reports Q3 Loss, Misses Revenue Estimates

Overstock.com (OSTK) came out with a quarterly loss of $0.61 per share versus the Zacks Consensus Estimate of a loss of $0.69. This compares to earnin

By Zacks Investment Research
October 25, 2023

Overstock (OSTK) to Report Q3 Earnings: What's in Store?

Overstock's (OSTK) third-quarter 2023 results are likely to reflect strength in the Bed Bath & Beyond brand. However, weakening consumer engagement in

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