Liquidity Services: Fiscal 3Q Earnings Snapshot
Liquidity Services: Fiscal 3Q Earnings Snapshot
BETHESDA, Md. (AP) _ Liquidity Services Inc. (LQDT) on Thursday reported a loss of $3.7 million in its fiscal third quarter.
On a per-share basis, the Bethesda, Maryland-based company said it had a loss of 12 cents. Losses, adjusted for non-recurring costs, came to 7 cents per share.
The surplus equipment company posted revenue of $50.6 million in the period.
For the current quarter ending in September, Liquidity Services expects its results to range from a loss of 20 cents per share to a loss of 12 cents per share.
Liquidity Services shares have climbed 64 percent since the beginning of the year. The stock has increased 18 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LQDT at https://www.zacks.com/ap/LQDT