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Benzinga
Benzinga
Business
Tyler Bundy

Overstock Shares Surge: Why This Could Be The Beginning Of A Reversal

Overstock.com Inc. (NASDAQ:OSTK) shares are trading significantly higher Wednesday after the company announced its latest financial results.

Overstock said quarterly revenue declined 9% year-over-year to $612.66 million, coming in below the estimate of $657.39 million. The company reported adjusted earnings of 36 cents per share, coming in below the 39 cent estimate.

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