Beyond, Inc. (BYON)

[drobx]

The bad news is worse results for Q3 than previously predicted, and also the CFO resigned. One factor they mention is the increase in insurance costs, which Byrne mentioned as one of the reasons he needed to separate from the company. For me the Q3 thing is not so much of a concern, but I'd really like to know what is up with the CFO.


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Weak guidance weighs on Overstock along with CFO exit
Sep. 23, 2019 9:37 AM ET|About: Overstock.com, Inc. (OSTK)|By: Clark Schultz, SA News Editor
Overstock.com (NASDAQ:OSTK) updated guidance along with its earlier announcement on the resignation of its CFO.

The company says Q3 EBITDA is "break-even" to fall below the prior outlook for "significant positive" EBITDA for the period. Management points to higher tariff costs, increased D&O insurance costs and a lower than anticipated conversion rate on high dollar purchases across the industry.

Overstock still expects "modest" positive EBITDA for Q4.

Overstock is down 10.29% in early trading.