Investing.com - Overstockcom reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Overstockcom announced earnings per share of $0.13 on revenue of $460.28. Analysts polled by Investing.com anticipated EPS of $0.11 on revenue of $479.46M.
Overstockcom shares are down 4% from the beginning of the year and are trading at $25.70 , down-from-52-week-high.
Overstockcom shares gained 6.20% in pre-market trade the report.
Overstockcom follows other major Consumer Discretionary sector earnings this month
Overstockcom's report follows an earnings beat by Tesla on Wednesday, October 19, 2022, who reported EPS of $1.05 on revenue of $21.45B, compared to forecasts EPS of $1.03 on revenue of $22.5B.
McDonald’s had beat expectations on Thursday with third quarter EPS of $2.68 on revenue of $5.87B, compared to forecast for EPS of $2.59 on revenue of $5.72B.
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