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July 9, 2014
17:38 EDTLLLumber Liquidators says 'clearly disappointed' in Q2 performance
On Lumber Liquidators' conference call update its Q2 outlook, management said, "We are clearly disappointed in our second quarter performance." Comparable store sales were far short of the company's original expectations, due primarily to a low number of customers invoiced, and to a lesser extent, a lower average sale. Gross margin was adversely impacted by net shifts in the sales mix, and greater discounting at the point-of-sale. Management said net sales were adversely impacted by weak customer demand for wood flooring and constrained inventory in certain key merchandise categories. They pointed to Asia, and China specifically as the biggest challenge as a source country.
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September 3, 2014
12:19 EDTLLOptions with increasing implied volatility
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10:00 EDTLLOn The Fly: Analyst Upgrade Summary
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09:15 EDTLLOn The Fly: Pre-market Movers
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08:37 EDTLLLumber Liquidators upgraded at Wedbush
As noted earlier, Wedbush upgraded Lumber Liquidators to Outperform from Neutral. The firm thinks that the worst of the company's difficulties are behind it, while its gross margins and sales should beat expectations next year. Target to $73 from $62.
07:11 EDTLLLumber Liquidators upgraded to Outperform from Neutral at Wedbush
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