Stock Watch: Drugstore.com Gains as Results Beat Forecasts

Drugstore.com (Nasdaq: DSCM) was up 1 23/32 to 10 13/32 early Tuesday after reporting better than expected results for the quarter ended April 2nd.

Sales for the quarter rose 23 percent to $22.7 million, and the company lost $38.9 million, or 86 cents a share, before special items. Analysts were looking for a loss of $1.02 a share, according to First Call.

The online drugstore said it added 295,000 new customers during the quarter, and now has more than one million. Half of all orders during the quarter were repeat orders, the company said.

Drugstore.com recently won a place on Amazon.com (Nasdaq: AMZN), becoming the first company to be featured as a direct link on the e-tail giant’s site. The firm also has agreements with Rite Aid Corp. and General Nutrition Centers.

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