Why Lumber Liquidators (LL) Is Up Today

NEW YORK (TheStreet) -- Lumber Liquidators (LL) was gaining 7.2% to $102.50 Wednesday after reporting fourth-quarter earnings and revenue that beat analysts' estimates.

For the fourth quarter Lumber Liquidators reported revenue of 74 cents a share, beating analysts' estimates of 72 cents a share by 2 cents. Revenue rose 22.7% in the quarter to $258.4 million. Analysts expected revenue of $255.48 million for the quarter.

Looking to full-year 2014 the company expects earnings between $3.25 and $3.60 a share and revenue between $1.15 billion and $1.2 billion. Analysts expect earnings of $2.53 and revenue of $1.18 billion for the year.

Lumber Liquidators also said its board of directors has authorized the repurchase of $50 million of its common stock.

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TheStreet Ratings team rates LUMBER LIQUIDATORS HLDGS INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate LUMBER LIQUIDATORS HLDGS INC (LL) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value."

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