Overstock.com announced earnings for the first quarter of 2010. Net income was $3.7 million. Net revenue grew 42% to $264.3 million, and gross profit grew 31% to $47.3 million. The company noted a 5% increase in sales and marketing expense.

Overstock will host a conference call and webcast to discuss its first quarter 2010 financial results on Thursday, May 6, 2010 at 9:00 am Eastern Time. See more information on Overstock.com's Investor Relations page.