Overstock.com Reports Q2 2018 Results
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Overstock.com (OSTK) Reports Q2 Loss of $2.20, Revenues Beat
August 9, 2018 4:31 PM UTCOverstock.com (NASDAQ: OSTK) reported Q2 EPS of ($2.20), versus ($0.82) reported last year. Revenue for the quarter came in at $483 million versus the consensus estimate of $474.15 million.
Total net revenue - Total net revenue was $483.1 million and $432.0 million for Q2 2018 and 2017, respectively, a 12% increase. This growth was primarily driven by increased marketing expenses as we more aggressively pursued revenue growth and new customers. Our increased marketing expenses resulted in a 9% increase in orders in Q2 2018, and we had a 7% increase in average order size (excluding promotional activities) primarily due to a continued... More