Lumber Liquidators (LL) Tops Q3 EPS by 9c, Revenues Miss; Lowers 2018 Outlook

Lumber Liquidators (NYSE: LL) reported Q3 EPS of $0.27, $0.09 better than the analyst estimate of $0.18. Revenue for the quarter came in at $270.5 million versus the consensus estimate of $281.87 million.

Dennis Knowles, Chief Executive Officer, commented, "During the third quarter, we grew revenue and were pleased with gross margin expansion and SG&A leverage, all of which contributed to our fifth consecutive quarter of Adjusted Net Income. We continued our growth in installation sales and, after opening three new stores in the third quarter, we are on target to open 22 new stores in 2018. We are pleased with the development of our management team and recent additions to both our digital and sourcing capabilities. We are confident that our team is well-positioned to drive our business and digital strategy going forward."

For earnings history and earnings-related data on Lumber Liquidators (LL) click here.

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