Actionable news
0
All posts from Actionable news
Actionable news in LL: LUMBER LIQUIDATORS HOLDINGS Inc,

Lumber Liquidators (LL) Stock Plunges, Q1 Loss Widens

NEW YORK (TheStreet) -- Lumber Liquidators (LL - Get Report) stock is down 10.62% to $12.03 on heavy trading volume this morning after reporting a deeper-than-expected 2016 first quarter loss as concerns about the safety of its products persist.

Before the market open, the hardwood-flooring company reported a loss of $1.20 per share, much wider than the loss of 24 cents per share anticipated by analysts surveyed by Thomson Reuters.

Lumber Liquidators was negatively impacted by a 20% increase in overhead expenses as it took a $16 million charge related to its consolidated securities class action and a $13.5 million increase in legal and professional fees and related accruals.

Back...


More