Lumber Liquidators reports 4Q loss
TOANO, Va. (AP) — Lumber Liquidators Holdings Inc. on Tuesday reported a loss of $5.5 million in its fourth quarter.
On a per-share basis, the Toano, Virginia-based company said it had a loss of 20 cents.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 29 cents per share.
The hardwood floors retailer posted revenue of $244.9 million in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $241.7 million.
For the year, the company reported that its loss widened to $68.6 million, or $2.51 per share. Revenue was reported as $960.6 million.
Lumber Liquidators shares have declined slightly more than 2 percent since the beginning of the year. The stock has risen 6.5 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LL at https://www.zacks.com/ap/LL
Keywords: Lumber Liquidators Holdings, Earnings Report