Liquidity Services up 14% on Stellar Earnings and Guidance

Liquidity Services LQDT is trading higher on the session following its Q2 earnings and Q# guidance announcements. The company reported an EPS of EPS of $0.52 versus the estimated $0.37 per share, beating by +40.5%. Revenues came in at $112.2M versus the estimated $122.64M, missing by -8.5%. Liquidity Services services guided Q3 EPS $0.43-0.46 vs $0.39 estimates. Bill Angrick, Chairman and CEO said: “LSI reported record results for GMV, Adjusted EBITDA and Adjusted EPS in Q2-12 all of which exceeded our guidance range. Record GMV results were primarily driven by growth in the volume of goods sold in our retail supply chain and municipal government marketplaces by existing and new clients. Our team did an excellent job handling the increased volumes while maintaining a high level of service and quality to our clients and buying customers." Liquidity Services is currently trading at $62.60, a gain of $7.67 or 13.96%.