Behind Overstock’s 4Q17 Bottom Line Performance
E-commerce retailer Overstock’s (OSTK) adjusted EPS (earnings per share) came in at -$0.47 in 4Q17 compared to the analyst projection of -$0.05. On a reported basis, the company reported EPS of -$3.72 in 4Q17 compared to EPS of $0.12 in 4Q16. Substantial increases in its provision for income tax due to the recent Tax Cuts and Jobs Act primarily marred Overstock’s bottom line performance.