Overstock Q3 Revs Top Ests; New SEC Issue

Overstock.com (OSTK) this afternoon posted Q3 revenue of $195.1 million, up 4% year over year, and ahead of the Street at $179.1 million. The online retailer’s loss for the quarter of 3 cents a share was in line with expectations. Adjusted EBITDA of $19.7 million was up from $4.7 million a year ago.

Overstock noted that it is fully cooperating with a previously announced SEC investigation into the company’s financial restatements in 2006 and 2008 and other related matters. The company says it also has received a comment letter from the SEC’s Division of Corporation Finance regarding its Form 10-K/A and its June 30, 2009 form 10-Q. “We have responded to the comment letter, but have not yet resolved all of the staff’s comments,” the company said.

In late trading, OSTK is up 47 cents, or 3.2%, to $15.