Overstock.com Inc. just released its fourth quarter fiscal 2016 earnings results, posting earnings of $0.12 per share and revenue of $526.2 million. 

OSTK was up 14.46% to $19.00 in after-hours trading shortly after its earnings report was released.

Company:                                              

Beat earnings estimates. The company posted earnings of $0.12 cents per share, beating our Zacks Consensus Estimate by $0.16 a share.

Beat revenue estimates. The company saw revenue figures of $526.2 million, beating our estimate of $523.5 million.

Compared to Q4 of 2015, Overstock.com increased their gross profit by 18% to $98.0 million from $83.1 million. 

Additionally, gross margin increased by 132 basis point to 18.6%.

Here’s a graph that looks at Overstock.com’s price, consensus and EPS surprise:

Overstock.com, Inc. Price, Consensus and EPS Surprise

Overstock.com Inc. is an online retailer which provides discount prices of name and non-name brand merchandise. They were founded in 1999 are headquartered in Salt Lake City, Utah. Overstock.com Inc. employs over 1,600 workers and offers over 6,000,000 products on their website ranging from furniture to watches and more.

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