Lumber Liquidators: 2Q Earnings Snapshot
TOANO, Va. (AP) _ Lumber Liquidators Holdings Inc. (LL) on Tuesday reported a second-quarter loss of $1.5 million, after reporting a profit in the same period a year earlier.
The Toano, Virginia-based company said it had a loss of 5 cents per share. Earnings, adjusted for non-recurring costs, came to 12 cents per share.
The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share.
The hardwood floors retailer posted revenue of $283.5 million in the period, surpassing Street forecasts. Seven analysts surveyed by Zacks expected $282.1 million.
Lumber Liquidators shares have declined 22 percent since the beginning of the year. The stock has fallen nearly 5 percent in the last 12 months.