Liquidity Services (LQDT) Releases Earnings Results, Beats Expectations By $0.19 EPS
Liquidity Services (NASDAQ:LQDT) issued its quarterly earnings results on Thursday. The business services provider reported ($0.14) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.33) by $0.19, Bloomberg Earnings reports. Liquidity Services had a negative return on equity of 21.96% and a negative net margin of 14.51%. The business had revenue of $61.14 million for the quarter, compared to analyst estimates of $65.42 million. During the same quarter in the previous year, the firm earned ($0.22) earnings per share. The company’s revenue was down 13.6% on a year-over-year basis. Liquidity Services updated its Q2 guidance to ($0.23)-($0.16) EPS.
Shares of Liquidity Services (NASDAQ:LQDT) traded up $1.00 during mid-day trading on Thursday, hitting $5.80. The stock had a trading volume of 128,569 shares, compared to its average volume of 120,280. Liquidity Services has a 1-year low of $4.34 and a 1-year high of $9.95. The stock has a market capitalization of $153.29, a price-to-earnings ratio of -3.87 and a beta of 0.89.
Separately, Zacks Investment Research upgraded Liquidity Services from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th.
Liquidity Services Company Profile
Liquidity Services, Inc operates a network of e-commerce marketplaces that enable buyers and sellers to transact in an automated environment. The Company employs e-commerce marketplace solutions to manage, value and sell inventory and equipment for business and government clients. The Company’s marketplaces provide professional buyers access to a global supply of new, surplus and scrap assets presented with digital images and other relevant product information.
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