Losses Narrow at Liquidity Services
Liquidity Services (NASDAQ: LQDT) has been in the business of surplus retail for a long time, and it understands the challenges of that business all too well. Though it has been working on a turnaround for a couple of years now, the company is still dealing with the need to successfully transition past its loss of a key Defense Department contract and diversify its business in a more balanced way. Progress has been slow, but the company has made some headway.
Coming into Thursday morning's fiscal third-quarter financial report, shareholders wanted to see solid revenue growth even as they were prepared for losses to continue at prior levels. However, the surplus retailer actually managed to narrow its losses, which gave investors some reason to be more upbeat about the potential for Liquidity Services to recover fully in the long run.
Image source: Liquidity Services.
Quelle Fool.com
