Liquidity Services (LQDT) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $0.04 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.11. Analysts had a consensus of $-0.07. The company posted revenue of $86.90 million in the period, compared to analysts expectations of $69.84 million. The company’s revenue was down -15.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS.
Liquidity Services closed down -0.05 points or -0.89% at $5.54 with 1,01,819 shares getting traded on Wednesday. Post opening the session at $5.55, the shares hit an intraday low of $5.53 and an intraday high of $5.67 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Apr 5, 2016, James M Rallo (President RSCG) sold 7,716 shares at $5.13 per share price. According to the SEC, on Nov 30, 2015, Jaime Mateus-tique (director) purchased 100,000 shares at $6.75 per share price. On Nov 5, 2015, Gardner H Dudley (Pres, Capital Assets Group) sold 11,054 shares at $8.31 per share price, according to the Form-4 filing with the securities and exchange commission.
Liquidity Services Inc. is an auction marketplace for surplus and salvage assets. The Company enables buyers and sellers to transact in an automated online auction environment offering over 500 product categories. The Companys marketplaces provide professional buyers access to a global organized supply of surplus and salvage assets presented with digital images and other relevant product information. It organizes its products into categories across industry verticals such as consumer electronics general merchandise apparel scientific equipment aerospace parts and equipment technology hardware and specialty equipment. Its online auction marketplaces are www.liquidation.com www.govliquidation.com www.govdeals.com and www.liquibiz.com. It also operates a wholesale industry portal www.goWholesale.com that connects advertisers with buyers seeking products for resale and related business services. In July 2012 the Company acquired GoIndustry-DoveBid plc.