NEW YORK (TheStreet) -- Shares of Lumber Liquidators (LL - Get Report) are tumbling 7.83% to $15.65 this morning after the hardwood flooring retailer posted mixed second quarter results before today's opening bell.
Lumber Liquidators reported earnings of 45 cents per share, beating analysts estimates of 25 cents per share. Revenue came in at $238.1 million, missing analysts' forecasts of $240.56 million.
Last year, the company posted second quarter earnings of 75 cents per share on revenue of $247.94 million.
While the company reported worse-than-expected revenue, it resolved outstanding regulatory issues and legal matters this quarter, said Lumber Liquidators' CEO John Presley in a statement.
In June, Lumber Liquidators settled its case with the Consumer Product Safety Commission, allowing it to avoid a recall of laminate flooring made in China. The company ceased production of the laminate flooring last year after a report by CBS's (CBS) "60 Minutes" alleged it contained dangerously high levels of formaldehyde.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:
We rate LUMBER LIQUIDATORS HLDGS INC as a Sell with a ratings score of D. This is driven by several weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow and generally disappointing historical performance in the stock itself.
You can view the full analysis from the report here: LLLL data by YCharts