Overstock.com Loss Widens

Online closeout retailer Overstock ( OSTK) on Thursday reported a net loss of $2.3 million, or 13 cents per share, in its second quarter ended June 30.

That's a penny less than analysts were expecting the Salt Lake City-based company to lose, but almost double the $1.1 million, or 7 cents a share, it lost in the year-ago period.

Second-quarter revenue rose to $87.8 million from $28.8 million, widely surpassing the $77.5 million analysts were expecting.

Shares of Overstock closed up $2.05, or 6.5%, to $33.62; after hours, shares were recently up $1.83, or 5.4% to $35.45.

More from Technology

Pegasystems Founder Explains Why He Has One of the Hottest Tech Stocks Around

Pegasystems Founder Explains Why He Has One of the Hottest Tech Stocks Around

Experts Break Down GDPR Risks for Investors

Experts Break Down GDPR Risks for Investors

4 Billionaires Trying to Make Space Travel a Reality

4 Billionaires Trying to Make Space Travel a Reality

Facebook CEO Mark Zuckerberg Deflects Tough Questions From European Parliament

Facebook CEO Mark Zuckerberg Deflects Tough Questions From European Parliament

These 5 Autonomous Driving Stocks Are Flashing Buy Signals

These 5 Autonomous Driving Stocks Are Flashing Buy Signals