TOANO, Va. (AP) – Lumber Liquidators Holdings Inc. (LL) on Tuesday reported a loss of $32.4 million in its first quarter.
On a per-share basis, the Toano, Virginia-based company said it had a loss of $1.20.
The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 27 cents per share.
The hardwoord floors retailer posted revenue of $233.5 million in the period, also missing Street forecasts. Six analysts surveyed by Zacks expected $239.2 million.
Lumber Liquidators shares have dropped 23 percent since the beginning of the year. The stock has dropped 50 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 LL at http://www.zacks.com/ap/LL
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Keywords: Lumber Liquidators Holdings, Earnings Report