Overstock.com Shares Jump On Surprise Profit

By Wallace WitkowskiMarketsMarketWatch Pulse

Overstock.com Inc. shares jumped in the extended session Tuesday after the online retailer swung to a surprise profit for the fourth quarter. Overstock shares rallied 14% to $18.90 after hours. The company reported earnings of 12 cents a share on revenue of $526.2 million. Analysts surveyed by FactSet had forecast a per-share loss of 4 cents on revenue of $523.5 million.

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