KFDA - NewsChannel 10 / Amarillo, TX: newschannel10.comDrugstore.com posts narrower 3Q loss as sales rise
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BELLEVUE, Wash. (AP) - Online retailer Drugstore.com Inc. said Tuesday it had a smaller third-quarter loss than a year earlier as sales of over-the-counter drugs and vision care items increased and its gross margins improved.
The Bellevue, Wash.-based company lost $1.6 million, or 2 cents per share, in the quarter that ended Sept. 27. That compares to a loss of $3.6 million, or 4 cents per share, a year earlier.
Revenue rose 10 percent to $96.8 million from $87.8 million.
The company also said it expects a fourth-quarter net loss of $1.8 million to $2.8 million.
Drugstore.com shares rose 25 cents, or 9.4 percent, in aftermarket trading after closing Tuesday at $2.66, down 5 cents from a day earlier.
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