Drugstore.com Loses $15M for 3Q
The loss of 23 cents per share was better than most Wall Street expectations, as analysts had projected a loss of 27 cents to 30 cents per share, according to reports.
Though the e-tailer continues to improve results, its target date for pro forma profits is three years away.
Shortly after the Sept. 11 terrorist attacks, Drugstore.com reiterated its third-quarter guidance, saying the events would have minimal effect on its earnings.
During the quarter, sales rose 32 percent compared with the year-ago period to $35 million, as the average order size increased to $66.
Drugstore.com added 150,000 new customers during the quarter, bringing the total to 2.1 million. Drugstore.com mailed its first catalogs during the quarter as it implemented a phone order service.
Drugstore.com expects to lose $19 million in the fourth quarter on sales of $40 million to $41 million.