Overstock Doubles Its Sales Thanks to Furniture Push
While sentiment drifted down in recent weeks, investors still came into Overstock.com's (NASDAQ: OSTK) third-quarter earnings report with sky-high expectations. The business, which includes an unlikely pairing between e-commerce retailing and blockchain and cryptocurrency tech, is well positioned to boost sales and profits through several growth avenues.
On Thursday, Overstock's announcement contained further evidence that the retailing segment is seeing a sustained lift from pandemic-related consumer shopping changes even as management bets more aggressively on its blockchain unit.
Let's take a closer look.
Source Fool.com
