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Why Qurate Retail Stock Plunged Today

TheMotleyFool

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Why Qurate Retail Stock Plunged TodayPhoto, wide shot, wide-angle lens, Hotel, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/d14bb504-852b-4d13-a69a-8cec9d4eb799.png

Shares of Qurate Retail (NASDAQ: QRTEA) have plunged today, down by 22% as of 12:20 p.m. EST, after the company reported Q4 earnings. The media and retail specialist, previously known as Liberty Interactive, said revenue and margins were under pressure during the quarter.

Revenue declined 5% to $4.2 billion in Q4, which brought full-year sales to $13.5 billion. That translated into adjusted earnings per share of $0.68, which was slightly ahead of the $0.66 per share in adjusted profits that analysts were expecting. The core QxH segment saw revenue decline across all categories in the fourth quarter.

Image source: Qurate Retail.

Source Fool.com

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