Why Qurate Retail Stock Was Climbing Today
Shares of Qurate Retail Group (NASDAQ: QRTEA) were gaining today after the QVC parent posted better-than-expected results on the bottom line in its third-quarter earnings report, with the company seeming to benefit from tamped-down expectations. As of 11:46 a.m. EST, the stock was up 10.3%.
The company, which also owns HSN and Zulily, said overall revenue declined 4% to $3.09 billion, missing estimates of $3.13 billion.
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Source Fool.com
