Lumber Liquidators: 2Q Earnings Snapshot
TOANO, Va. (AP) _ Lumber Liquidators Holdings Inc. (LL) on Wednesday reported a loss of $2.9 million in its second quarter.
The Toano, Virginia-based company said it had a loss of 10 cents per share. Earnings, adjusted for non-recurring costs, were 7 cents per share.
The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.
The hardwood floors retailer posted revenue of $288.6 million in the period, which also fell short of Street forecasts. Five analysts surveyed by Zacks expected $290.4 million.
Lumber Liquidators shares have declined 13% since the beginning of the year. The stock has fallen 57% in the last 12 months.