Overstock.com Trades Higher After Swinging to 2Q Profit
Overstock.com Trades Higher After Swinging to 2Q Profit
DJ Overstock.com Trades Higher After Swinging to 2Q Profit
By Matt Grossman
Overstock.com Inc. shares climbed Thursday morning after the company reported swinging to a second-quarter profit in a three-month period that saw significant new customer growth.
The company's shares rose 25.9% to $75.25, after closing Wednesday at $60.74.
Earlier Thursday morning, the Salt Lake City-based internet seller reported a second-quarter profit of 84 cents a share, compared with a loss of 69 cents a share in last year's second quarter.
Newly acquired retail customers grew 205% year over year, Overstock.com said, as a higher share of gross sales--50.8%--came from orders placed on mobile devices. Retail gross sales, the amount paid for products and shipping before coupons and discounts, and excluding reductions for returns, rose to $1.01 billion. In last year's second quarter, the figure was $471.4 million.
Revenue increased to $782.5 million from $373.7 million in the prior-year period.
Write to Matt Grossman at matt.grossman@wsj.com
(END) Dow Jones Newswires
July 30, 2020 11:53 ET (15:53 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
DJ Overstock.com在實現第二季度盈利後交易走高
作者:馬特·格羅斯曼
週四上午,Overstock.com Inc.股價攀升,此前該公司報告稱,在三個月內實現第二季度盈利,新客戶大幅增長。
該公司股價在週三收於60.74美元后,上漲25.9%,至75.25美元。
週四上午早些時候,這家總部位於鹽湖城的互聯網銷售商報告第二季度每股盈利84美分,而去年第二季度每股虧損69美分。
Overstock.com表示,新收購的零售客戶同比增長205%,這是由於在移動設備上下的訂單佔總銷售額的更高份額(-50.8%)。零售總銷售額,即在優惠券和折扣之前爲產品和運費支付的金額,不包括退貨減免,增至10.1億美元。在去年的第二季度,這一數字爲4.714億美元。
收入從去年同期的3.737億美元增加到7.825億美元。
通過 matt.grossman@wsj.com 寫信給馬特·格羅斯曼
(END)道瓊斯通訊社
美國東部時間2020年7月30日 11:53(格林威治標準時間 15:53)
版權所有 (c) 2020 道瓊斯公司
譯文內容由第三人軟體翻譯。
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