728_header.jpg (23748 bytes)
 EB Blog 
 AB Blog 
EcommerceBytes-NewsFlash, Number 2256 - April 01, 2010 - ISSN 1539-5065    3 of 3

Overstock.com Revenue Up 6% in 2009, Profits Rise 14%

By Ina Steiner
April 01, 2010

Email This Story to a Friend

Overstock.com reported financial results on Wednesday for fiscal year 2009 and the quarter ended December 31, 2009, reporting Net Income of $12.7m for Q4. Overstock hired a new auditor at the end of the fourth quarter and restated its FY 2008 and Q1, Q2 and Q3 2009 financial statements. The company said revenue for 2009 was $876.8M, up 6% from 2008's $829.9M; Gross profit was up 14% to $164.8M. Overstock.com saw fourth quarter revenue rise 27% to $322.4M vs. $253.8M in Q4 2008.

The company will hold a conference call and webcast to discuss its fiscal year and fourth quarter 2009 financial results on April 5, 2010 at 5 pm Eastern Time. See more information on Overstock.com's Investor Relations page.

About the author:

Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). Follow her on Twitter at @ecommercebytes and send news tips to ina@ecommercebytes.com.

You may quote up to 50 words of any article on the condition that you attribute the article to EcommerceBytes.com and either link to the original article or to www.EcommerceBytes.com.
All other use is prohibited.

Email This Story to a Friend
Email this story to a friend.

3 of 3

Sponsored Ad