Overstock reports 2Q loss with higher expenses

(AP) SALT LAKE CITY - Online retailer Overstock.com Inc. reported a second-quarter loss Thursday, as expenses overshadowed a jump in revenue.

For the quarter that ended June 30, Overstock had a loss of $1.4 million, or 6 cents per share, compared with a profit of $319,000, or a penny per share, in the year-ago quarter.

Revenue rose 32 percent to $231.3 million.

Overstock’s sales and marketing expenses also increased, rising 27 percent to $14.2 million, while technology expenses rose 12 percent to $14.2 million and general and administrative expenses increased 18 percent to $14.5 million.

Overstock shares fell 33 cents to $19.85 in after-hours trading, having finished regular trading down 7 cents at $20.18.