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Liquidity Services Inc. (LQDT) Rose To A New High On Q2 News

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5/4/2012 6:43 AM ET

Liquidity Services Inc. (LQDT: Quote) reported second quarter adjusted net income of $0.52 per share Thursday morning, up from $0.22 per share in the previous year. The consensus estimate was for EPS of $0.37.

Liquidity Services gapped open higher Thursday and climbed throughout the first hour of trade, before settling into a range. Shares finished up by 7.31 at $62.24 on strong volume. The stock has been on an upward trend for the past 3 months and set a new high for the year.

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by RTT Staff Writer

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