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Lumber Liquidators Holdings stock price
Lumber Liquidators Holdings latest news:
Lumber Liquidators is profitable again after more than two years
Lumber Liquidators shares soar as it returns to profitability after more than two years.
Lumber Liquidators' stock soars after surprise profit and sales beat
Shares of Lumber Liquidators Holdings Inc. shot up 17% in premarket trade Tuesday, after the wood flooring retailer reported a surprise second-quarter profit and sales that rose above expectations. The company swung to a profit of $4.48 million, or 16 cents a share, from a loss of $12.2 million, or 45 cents a share, in the same period a year ago. The FactSet consensus was for a per-share loss of 6 cents. Revenue rose to $263.5 million from $238.1 million, above the FactSet consensus of $256.9 million, as same-store sales growth of 8.8% beat expectations of a 6.0% rise. The number of customers invoiced increased 5.3% and the average sale rose 3.5%. Gross margin improved to 37.0% from 29.7% a year ago. The stock had rocketed 57% year to date through Monday, while the SPDR S&P Retail ETF has lost 6.6% and the S&P 500 has gained 10%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-Lumber Liquidators announces Q2 earnings per share $0.16
Lumber Liquidators Holdings Inc(LL). * Lumber Liquidators(LL) announces second quarter 2017 financial results. * Q2 sales $263.5 million versus I/B/E/S view $256.8 million. * Q2 same store sales rose 8.8 percent.
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