Lumber Liquidators Shares Gain Following Q1 Business Update
Shares of Lumber Liquidators Holdings Inc (NYSE: LL) ticked higher on Thursday morning after the company released a business update for its first quarter.
Shares recently traded at $34.55, up 4.6 percent in the pre-market session.
Here are the highlights:
- Lumber Liquidators said that it expects first quarter sales to be $260 million, exceeding the $256.8 million analysts had projected.
- Same-stores sales for the quarter fell 1.8 percent.
- March sales fell 12.8 percent from a year ago to $89.4 million.
- Lumber Liquidators filed an 8-K form for an Amended Credit Pact and drew a $20 million revolving credit loan under a New Credit Agreement.
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