Why Lumber Liquidators Jumped Nearly 52% in August

Why Lumber Liquidators Jumped Nearly 52% in August

Shares of Lumber Liquidators Holdings, Inc. (NYSE: LL) skyrocketed 51.9% in August, according to data provided by S&P Global Market Intelligence, after the company reported strong second-quarter results that beat analysts' expectations. 

Lumber Liquidators reported net income of $4.5 million in the quarter, or $0.16 per share, which exceeded analysts' consensus earnings-estimate loss of $0.06 per share.

Image source: Lumber Liquidators.

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Source: Fool.com