Liquidity Services (LQDT -25.7%) crumbles after posting mixed FQ1 results and (more importantly)...


Liquidity Services (LQDT -25.7%) crumbles after posting mixed FQ1 results and (more importantly) issuing soft guidance. The salvage auction site expects FQ2 EPS of $0.46-$0.50, well below a $0.58 consensus. FY13 EPS is expected to come in at $1.90-$2.02 (below a $2.15 consensus), and FY13 gross merchandise volume is pegged at $1.025B-$1.1B (below prior guidance of $1.1B-$1.2B. LQDT blames macro issues and weaker-than-expected performance from its Liquidation.com and GoIndustry units. (PR)

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