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Overstock.com reports improved Q3 results

Published October 25, 2012 9:17 am

This is an archived article that was published on sltrib.com in 2012, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

Overstock.com, the well-known online discount retailer, reported higher revenue and earnings for the third quarter of its 2012 fiscal year.

The company said its revenue for the quarter hit $255.4 million, a 7 percent increase from the same quarter of fiscal 2011 when revenue was $239.7 million.

Third quarter net income was $2.7 million, or 11 cents per share, compared with a loss of $7.8 million, or 33 cents per share, in the same period a year earlier.

Overstock.com reported that its sales and marketing expense for the recently completed third quarter was $14.9 million, an 8 percent increase from last year's third quarter.