Why Liquidity Services Stock Plunged Today
Shares of Liquidity Services (NASDAQ: LQDT) were down 16.5% as of 12:15 p.m. EST Wednesday after the surplus-marketplace specialist announced weaker-than-expected fiscal fourth-quarter 2017 results.
Liquidity Services' revenue fell 22% year over year to $61.4 million, while gross merchandise volume declined 8.9% to $145 million. That translated to an adjusted net loss of $10.3 million, or $0.33 per diluted share. By contrast, investors were looking for a narrower net loss of $0.24 per share on a more modest high-teens percent decline in revenue.
IMAGE SOURCE: GETTY IMAGES.
Source: Fool.com
Liquidity Services Aktie
20,40 €
0,99 %
Eine klare Tendenz zu Buy-Einschätzungen bei Liquidity Services, ohne Sell-Einschätzungen.
Das Kursziel von 24 € für Liquidity Services zeigt eine leichte Steigerung gegenüber dem aktuellen Kurs von 20.4 € an.
