Why Lumber Liquidators Holdings, Inc. Stock Plunged 21% in October

Shares of Lumber Liquidators (NYSE: LL) dropped 21% in October, according to data from S&P Global Market Intelligence, after the specialty flooring retailer announced disappointing quarterly results.

The stock plunged late in the month after Lumber Liquidators confirmed that its quarterly revenue had climbed 5.4%, to $257.2 million, including a 3.8% increase in comparable-store sales. That translated to a net loss of $18.9 million, or $0.66 per share. But analysts, on average, were expecting earnings of $0.02 per share on higher sales of $261.8 million, and higher comparable-sales growth of of 5.3%.

IMAGE SOURCE: GETTY IMAGES.

Source: Fool.com