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News Breaks
January 6, 2014
09:11 to appeal ruling in California comparison advertising case announced it will appeal the tentative ruling of a California trial court which prohibits the company from comparison price advertising unless done in conformity with new court-mandated practices which diverge widely from industry standards. President Stormy Simon said, "Respectfully, I believe this ruling is unjust... I am aware of the lengths we have gone to get this right on the millions of products that flow through our website. We will follow the ruling, while noting that the effects on our current practices will be small because, as we are the gold standard, we are already fanatic about getting this right. However, if fairly enforced, this ruling will force other retailers to change their processes dramatically (which makes one wonder why we are the ones who were targeted)."
News For OSTK From The Last 14 Days
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July 25, 2014
10:02 EDTOSTKOn The Fly: Analyst Upgrade Summary
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07:29 upgraded to Buy from Neutral at B. Riley
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July 24, 2014
12:29 says tech spending growing
Says tech department delivering many useful products. Says Q2 average order size increased to $177 from $167 last year. Says plans to break ground on new headquarters in September/October, which should take about 24 months to complete. Says mobile traffic growing very quickly. Says large scale share repurchase program not likely. Comments from Q2 earnings conference call.
09:07 reports Q2 EPS 8c, consensus 10c
Reports Q2 revenue $332.55M, consensus $315.25M

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