Overstock.com Q3 Adj. EPS $(0.61) Beats $(0.72) Estimate, Sales $373.31M Miss $397.17M Estimate
Portfolio Pulse from Benzinga Newsdesk
Overstock.com reported Q3 adjusted EPS of $(0.61), beating the estimate of $(0.72) by 15.28%. However, the company's sales of $373.31M missed the estimate of $397.17M by 6.01%. This represents a 569.23% decrease in earnings and an 18.89% decrease in sales compared to the same period last year.
October 26, 2023 | 10:01 am
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Overstock.com's Q3 earnings beat estimates but sales missed, indicating mixed performance. Earnings and sales have significantly decreased compared to last year.
Overstock.com's earnings beat estimates, which is a positive signal. However, the company's sales missed estimates, which is a negative signal. Additionally, both earnings and sales have significantly decreased compared to the same period last year, which indicates a negative trend in the company's performance. This could negatively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100