Lumber Liquidators Pulls Out Of Investor Conference, To Host Call On March 12

Lumber Liquidators said on Wednesday that it will host a conference call and webcast on March 12, at 10 a.m. Eastern, to provide a business update. The hardwood flooring retailer also said it would not participate in the Raymond James Institutional Investors Conference being held Wednesday, as expected. "We regret that we are not attending the conference today and apologize to our investors that planned to attend," said Chief Executive Robert Lynch. "We look forward to speaking with you next week regarding our business update." The stock, which was up 0.8% in premarket trade, had been pummeled over the last week on fears related to a "60 Minutes" report, which alleged the company installed Chinese-made laminate flooring that contained far higher-than-accepted levels of formaldehyde. The stock has tumbled 41% since Feb. 24, and closed Monday at the lowest level since July 2012.