RICHMOND, Va. (AP) _ Lumber Liquidators Holdings Inc. (LL) on Wednesday reported first-quarter net income of $10.6 million.
The Richmond, Virginia-based company said it had net income of 36 cents per share. Earnings, adjusted for non-recurring gains, were 34 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share.
The hardwood floors retailer posted revenue of $283.5 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $290.5 million.
Lumber Liquidators shares have declined 19% since the beginning of the year. The stock has more than tripled 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 https://www.zacks.com/ap/LL
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