Why Qurate Retail Stock Plunged Today

Shares of Qurate Retail (NASDAQ: QRTEA) have plunged today, down by 22% as of 12:20 p.m. EST, after the company reported Q4 earnings. The media and retail specialist, previously known as Liberty Interactive, said revenue and margins were under pressure during the quarter.

Revenue declined 5% to $4.2 billion in Q4, which brought full-year sales to $13.5 billion. That translated into adjusted earnings per share of $0.68, which was slightly ahead of the $0.66 per share in adjusted profits that analysts were expecting. The core QxH segment saw revenue decline across all categories in the fourth quarter.

Image source: Qurate Retail.

Source Fool.com