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)
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