Liquidation.com misses analyst expectations
On a call with analysts yesterday the company announced their expectation of a substantial performance shortfall for Q3 vs. current expectations. They sited weakness in the capital assets business, delayed program rollouts with new retail customers and softer consumer electronics volumes as primary drivers for the adjustment.
The company adjusted expected EPS down to 43-45 cents from 49 to 54 cents. This reduction in Q3 expectations will also result in a downward adjustment in FY13 overall results.