Shares of Overstock.com, Inc. (OSTK) are gaining more than 13 percent on Thursday morning trade after the company reported a narrower-than-expected net loss for the first quarter.
The company reported a quarterly loss of $10 million or $0.23 per share, compared to profit of $10.12 million or $0.21 per share last year. Adjusted net loss was $0.10 per share. On average, six analysts polled by Thomson Reuters expected the company to report loss of $0.15 per share.
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