Overstock.com spikes on better-than-expected Q1 results
Shares of Overstock.com, Inc. (Nasdaq:OSTK) are surging ahead of the opening bell after the online closeout retailer this morning reported first-quarter results that substantially beat the consensus on Wall Street with higher revenues and a narrower-than-expected net loss. The small cap noted above industry-level revenue growth and a cap off of its turnaround plan during the quarter helped buoy results.
Shares vaulted 32.1%, or $4.49, to $18.49 in pre-market trading. For detailed price information and recent news stories about Overstock.com, click OSTK.
