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Live Ventures -4.4% after fiscal Q3 release

Published 08/10/2017, 03:44 PM
© Reuters.  Live Ventures -4.4% after fiscal Q3 release
LIVE
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  • Live Ventures (NASDAQ:LIVE) is off 4.4% after posting the 10-Q filing tied to its quarterly earnings announcement, which it summarized this morning.
  • Sales more than doubled to a record $41.4M, and gross profit more than tripled to $16.99M.
  • Net income tumbled Y/Y, though, as the prior year's net income was almost entirely made up of a $12.3M benefit for deferred tax expense. Income before provision for income taxes rose to $3.3M from $1.1M.
  • Revenue by segment: Retail and online, $19.3M (up 369%); Manufacturing, $21.9M (up 13.8%); Services, $210,889 (down 13.3%).
  • Cash flow from operations is at $8.8M YTD.
  • Conference call to come at 4:30 p.m. ET.
  • Early fiscal Q3 results
  • Press Release
  • Now read: Waymo's Problem With Self-Driving Cars: The Cars


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