I've been rallying around Overstock for a long time, because i agree with those that say it's a sleeper stock, that their real biz is blockchain. Up 14% today, probably on today's news, I think it will be a nice upturn for them. I'm grabbing more!
*If you can't trust Zac, who can you trust?
@fly
Overstock: Q1 Earnings Snapshot
9:54 AM ET, 04/29/2021 - Associated Press
MIDVALE, Utah (AP) _
Overstock.com Inc. (OSTK) on Thursday reported first-quarter net income of $16.1 million, after reporting a loss in the same period a year earlier.
The Midvale, Utah-based company said it had profit of 33 cents per share. Earnings, adjusted to account for discontinued operations, were 56 cents per share.
The online discount retailer posted revenue of $659.9 million in the period.
Overstock shares have increased 78% since the beginning of the year. The stock has increased sevenfold in the last 12 months.
This story was generated by Automated Insights (
http://automatedinsights.com/ap) using data from
Zacks Investment Research. Access a Zacks stock report on OSTK at
https://www.zacks.com/ap/OSTK