Liquidity Services Stock Rises 21% After 4Q Revenue Bump

Dow Jones12-12

By Katherine Hamilton

Liquidity Services shares climbed in Thursday morning trading after the company posted higher revenue for its fourth quarter.

Shares gained 21% to 31.10. The stock is up 70.7% this year.

The e-commerce marketplace operator posted a profit of $6.4 million, or 20 cents a share, for the three months ended Sept. 30.

Stripping out certain one-time items, adjusted per-share earnings came to 32 cents.

Revenue rose 34% from last year to $106.9 million, the company said.

Revenue for Liquidity Services' retail supply chain group segment grew 49% to $73.7 million. Revenue for its GovDeals segment, which supports government entities selling real estate assets, increased 26% to $20.2 million.

The growth reflects progress in the company's gross merchandise volume as it expanded purchase programs, Liquidity Services said.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

December 12, 2024 10:36 ET (15:36 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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