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BETHESDA, Md. (AP) _ Liquidity Services Inc. (LQDT) on Tuesday reported fiscal fourth-quarter net income of $5.4 million, after reporting a loss in the same period a year earlier.
The Bethesda, Maryland-based company said it had profit of 16 cents per share. Earnings, adjusted for non-recurring costs and pretax expenses, came to 23 cents per share.
The surplus equipment company posted revenue of $55.9 million in the period.
For the year, the company reported that its loss narrowed to $3.8 million, or 11 cents per share. Revenue was reported as $205.9 million.
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For the current quarter ending in January, Liquidity Services expects its per-share earnings to range from 8 cents to 12 cents.
Liquidity Services shares have risen 77% since the beginning of the year. The stock has risen 56% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LQDT at https://www.zacks.com/ap/LQDT
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