Liquidity Services Q4 Profit, Revenue Rise; Stock Up In Pre-market

(RTTNews) - Liquidity Services, Inc. (LQDT), a provider of e-commerce marketplaces, Thursday reported higher profit for the fourth quarter helped by growth in revenue. The company's shares were up more than 10 percent in pre-market.

Liquidity Services posted net income of $6.37 million or $0.20 per share for the third quarter compared with $6.28 million or $0.20 per share in the same quarter a year ago.

Excluding one-time items, adjusted earnings were $10.2 million or $0.32 per share, up from $8.4 million or $0.26 per share in the prior year.

Income from operations declined to $7.27 million from $7.88 million last year.

Revenue for the quarter increased to $106.93 million from $79.96 million in the previous year.

Gross Merchandise Volume (GMV) was $361 million, 14 percent increase from $315.6 million last year.

For the first quarter, the company expects EPS to be in the range of 0.08 - $0.16, and adjusted EPS of $0.18 - $0.26.

Liquidity Services stock had closed at $25.75, up 2.39 percent on Wednesday. It has traded in the range of $13.99 - $26.24 in the last 1 year.