RSS Liquidity Services Q4 Profit, Revenue Rise; Stock Up In Pre-market

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 RSS Liquidity Services Q4 Profit, Revenue Rise; Stock Up In Pre-market

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Liquidity Services, Inc. (LQDT), a leader in e-commerce marketplaces, announced a significant increase in profit for the fourth quarter on Thursday, bolstered by revenue growth. This positive news resulted in the company’s shares rising by over 10 percent in pre-market trading.

For the third quarter, Liquidity Services recorded a net income of $6.37 million, or $0.20 per share, which aligns closely with the $6.28 million, or $0.20 per share, reported in the equivalent quarter last year.

Excluding one-time expenses, the company's adjusted earnings reached $10.2 million, or $0.32 per share, compared to $8.4 million, or $0.26 per share, from the previous year.

However, the company's income from operations saw a reduction, decreasing to $7.27 million from $7.88 million a year prior.

Quarterly revenue exhibited an increase, reaching $106.93 million, up from $79.96 million in the previous year. Additionally, the Gross Merchandise Volume (GMV) rose by 14 percent, climbing to $361 million from last year’s $315.6 million.

Looking ahead to the first quarter, Liquidity Services forecasts earnings per share (EPS) between $0.08 and $0.16, with an adjusted EPS anticipated to be in the range of $0.18 to $0.26.

On Wednesday, Liquidity Services stock concluded trading at $25.75, reflecting an increase of 2.39 percent. Over the past year, the stock has fluctuated between $13.99 and $26.24.

The material has been provided by InstaForex Company - www.instaforex.com
 
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