Liquidity Services' Fiscal Q1 Adjusted Earnings, Revenue Rise; Fiscal Q2 Non-GAAP EPS Guidance Issued

MT Newswires Live

02/06

Liquidity Services (LQDT) reported fiscal Q1 adjusted earnings Thursday of $0.28, up from $0.14 a year earlier.

An analyst polled by FactSet expected $0.22.

Revenue for the quarter ended Dec. 31 was $122.3 million, compared with $71.3 million a year earlier.

The analyst surveyed by FactSet expected $105.4 million.

The company said it expects fiscal Q2 adjusted earnings of $0.27 to $0.35 per diluted share.

An analyst surveyed by FactSet expects $0.30.

The company's shares were up nearly 21% in recent Thursday premarket trading.

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