Revenue Update on Liquidity Services(NASDAQ:LQDT)

Liquidity Services(NASDAQ:LQDT) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-market on Nov 17, 2016. Company reported revenue of $78.51M. Analysts estimated a revenue of $77.21M. The revenues were $1.30M or 1.69% above the estimates. Earnings per share were $-0.02. The reported EPS was above estimates by $0.06 or 75.00%. Analysts had estimated an EPS of $-0.08.

Liquidity Services (LQDT) made into the market gainers list on Mondays trading session with the shares advancing 6.08% or 0.55 points. Due to strong positive momentum, the stock ended at $9.6, which is also near the day’s high of $9.75. The stock began the session at $9.1 and the volume stood at 1,75,300 shares. The 52-week high of the shares is $11.49 and the 52 week low is $4.42. The company has a current market capitalization of $295 M and it has 3,07,42,662 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Nov 3, 2016, Gardner H Dudley (Pres, Capital Assets Group) sold 2,307 shares at $8.56 per share price.Also, On Nov 3, 2016, James M Rallo (President RSCG) sold 11,054 shares at $8.56 per share price.On Nov 3, 2016, Segundo Leoncio Casusol (Chief Information Officer) sold 27,634 shares at $8.56 per share price, according to the Form-4 filing with the securities and exchange commission.

Liquidity Services Inc. is an auction marketplace for surplus and salvage assets. The Company enables buyers and sellers to transact in an automated online auction environment offering over 500 product categories. The Company’s marketplaces provide professional buyers access to a global organized supply of surplus and salvage assets presented with digital images and other relevant product information. It organizes its products into categories across industry verticals such as consumer electronics general merchandise apparel scientific equipment aerospace parts and equipment technology hardware and specialty equipment. It’s online auction marketplaces are and It also operates a wholesale industry portal that connects advertisers with buyers seeking products for resale and related business services. In July 2012 the Company acquired GoIndustry-DoveBid plc.

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