What happened Shares of Overstock.com (NASDAQ: OSTK) took a hit on Tuesday, following the company's third-quarter results. The stock was down 14.7% as of 11:10 a.m. EST. Investors were likely disappointed with the company's worse-than-expected top- and bottom-line results for the period. Further, news that the SEC subpoenaed Overstock for certain documents is likely weighing on sentiment for shares. Image source: Getty Images. So what Overstock reported revenue of $347.1 million, down 21% year over year from $440.6 million. Analysts, on average, expected revenue of $376.2 million. The company reported a loss per share of $0.89, narrower than a loss per share of $1.55 in the year-ago period but missing a consensus estimate for a loss of $0.62. "Our retail business continues its path to sustained profitability, despite a few external headwinds, thanks to the focused leadership of an executive team with a proven track record of success," said Overstock CEO Jonathan Johnson in the earnings release. The company also notably said the SEC recently requested documents on the company's planned "digital dividend," as well as information related to Overstock's communications with former CEO Patrick Byrne. Now what Investors will want to keep an eye on some of the headwinds that affected the quarter, namely tariffs, diminishing consumer confidence, higher freight costs, and delayed results from search traffic efforts. 10 stocks we like better than Overstock.comWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Overstock.com wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 1, 2019 Daniel Sparks has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source