Lumber Liquidators Holdings reports 2nd-quarter loss of $20.3 million

Markets Associated Press

Lumber Liquidators Holdings Inc. (LL) on Wednesday reported a second-quarter loss of $20.3 million, after reporting a profit in the same period a year earlier.

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On a per-share basis, the Toano, Virginia-based company said it had a loss of 75 cents.

The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.

The hardwoord floors retailer posted revenue of $247.9 million in the period, which also fell short of Street forecasts. Eight analysts surveyed by Zacks expected $256.9 million.

Lumber Liquidators shares have fallen 72 percent since the beginning of the year. The stock has dropped 67 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