News Artcle

Overstock.com posts higher revenue, 2012 profit

Published January 24, 2013

Overstock.com posts higher revenue, 2012 profit the Salt Lake Tribune Published Jan 24, 2013 08:30AM MDT Overstock.com Inc. has reported higher revenue and a profit of $14.7 million for its 2012 fiscal year. A year ago, the company reported an annual loss of $19.4 million. The Salt Lake City-based online discount retailer said its revenue for the year was $1.10 billion, up 4 percent from $1.05 billion in its 2011 fiscal year. The company said the growth in revenue primarily was due to an increase in the average order size, which more than offset fewer orders due to a lower rate of customers who vis... Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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