Overstock.com, Inc. Q2 2010 Earnings Call Transcript

 

Overstock.com, Inc. (OSTK)

Q2 2010 Earnings Call Transcript

August 9, 2010 3:00 pm ET

Executives

Jonathan Johnson – President

Steve Chesnut – SVP, Finance

Patrick Byrne – Chairman and CEO

Analysts

Paul Bieber – Bank of America/Merrill Lynch

Presentation

Operator

My name is Taprika and I will be your conference operator today. At this time, I would like to welcome everyone to the second quarter 2010 Overstock.com conference call. (Operator instructions) thank you.

I would now like to turn the call over to Jonathan Johnson, President of Overstock.com. Sir, you may begin.

Jonathan Johnson

Thank you Taprika. Good afternoon and welcome to our second quarter 2010 conference call. Joining me on today are Patrick Byrne, Chairman and CEO of the company and Steve Chesnut, Overstock's Senior Vice President of Finance and risk management. Because we can’t predict the future let me first read the legal forward looking statements.

The following discussion and our responses to your questions reflect management's views as of today, August 9, 2010 only, and will include forward-looking statements. Actual results may differ materially. Additional information about factors that could potentially impact our financial results is included in the press release we issued on August 05, 2010 and second quarter 2010 Form 10-Q we filed with the SEC on the same day.

As you listen to today's call, I encourage you to have the press release and the Q2 form 10-Q in front of you since our financial results and detailed commentary are included in those documents and will correspond to much of the discussion that follows.

During the call we will discuss certain non-GAAP financial measures.

TheStreet Premium Services    For Personal Service: 877-471-2967

Jim Cramer
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn More
New: ETF Profits
ETF Profits:
Get money-making ideas from the hottest investment vehicle on the planet. Our experts show you how to play various ETF sectors to help pump-up your portfolio. Learn More
OptionsProfits
OptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn More
Doug Kass
Real Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn More
Stocks Under $10
Stocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn More
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
Dow Jones S&P 500 NASDAQ 10-Year Note
12,801.23 1,342.64 2,903.88 19.69
Oil *
117.67
DOWN
89.23
DOWN
9.31
DOWN
23.35
DOWN
0.78
10 Yr
1.97%
SPDR Gold
167.14
-0.69%
-0.69%
-0.80%
-3.81%
Data delayed 20 minutes

Top Stories and Tools

Brokerage Partners

After the Bell

Before the Bell

Booyah! Newsletter

ETF Daily

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy.
Podcasts

Connect with TheStreet