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Stock Market & Financial Investment News

News Breaks
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.
News For LL From The Last 14 Days
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July 30, 2014
07:08 EDTLLLumber Liquidators backs FY14 EPS $2.65-$3.00, consensus $2.72
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07:06 EDTLLLumber Liquidators reports Q2 EPS 60c, consensus 61c
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July 23, 2014
17:21 EDTLLLumber Liquidators calls lawsuit allegations 'flat-out false'
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July 17, 2014
14:05 EDTLLLumber Liquidators downgraded to Peer Perform from Outperform at Wolfe Research
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July 16, 2014
05:51 EDTLLStocks with implied volatility below IV index mean; LULU LL
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