Liquidity Services, Inc. (LQDT) reported third-quarter net income of $14.9 million or $0.45 per share, compared to the net loss of $1.1 million or $0.04 per share in the comparable quarter last year.
Excluding items, adjusted net income for the quarter was $18.7 million or $0.56 per share, compared to the adjusted net income of $15.3 million or $0.52 per share last year.
On average, 8 analysts polled by Thomson Reuters expected the company to earn $0.47 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenue from continuing operations for the latest quarter rose 46 percent to $121.3 million from $83.3 million last year. Analysts expected revenues of $123.81 million for the quarter.
Looking ahead, Liquidity Services lifted its adjusted earnings per share guidance for fiscal year 2012 to range from $1.81 to $1.84, compared to the previous guidance range of $1.64 to $1.70. Analysts currently expect the company to earn $1.68 per share for the fiscal year 2012.
For the fourth quarter of fiscal 2012, the company estimates adjusted earnings per share to be $0.35 to $0.38. Analysts currently expect fourth quarter earnings per share to be $0.33.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.