Qurate Retail, Inc. (NASDAQ:QRTEA) is reporting second quarter financial results on Monday 10th August 2020, after market close.
According to analysts surveyed by Thomson Reuters, QRTEA is expected to report 2Q20 income of $ 0.49 per share from revenue of $ 3205.44 million.
For the full year, analysts anticipate top line of $ 13384.70 million, while looking forward to income of $ 1.75 per share bottom line.
Previous Quarter Performance
Qurate Retail, Inc. revealed income for the first quarter of $ 0.27 per share, from the revenue of $ 2,920.00 million. The quarterly earnings contracted 22.86 percent while revenues contracted 5.35 percent compared with the same quarter last year.
Street analysts expected Qurate Retail, Inc. to report income of $ 0.30 per share on revenue of $ 2882.38 million for the first quarter. The bottom line results missed street analysts by $ 0.03 or 10 percent, at the same time, top line results outshined analysts by $ 37.62 million or 1.31 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of QRTEA was $ 11.53, representing a 283.06 % increase from the 52 week low of $ 3.01 and a 14.78 % decrease over the 52 week high of $ 13.53.
The company has a market capital of $ 4.79 billion and is part of the Consumer Cyclical sector and Specialty Retail industry.
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Conference Call
Qurate Retail, Inc. will be hosting a conference call at 5:30 PM eastern time on 10th August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website qurateretail.com
Qurate Retail, Inc., through its subsidiaries, engages in the video and online commerce industries in North America, Europe, and Asia. The company markets and sells various consumer products primarily through live video programs, Websites, and mobile applications to 404 million households worldwide each day. It also operates as an online retailer offering womens, childrens, and mens apparel; and other products, such as home, and beauty products through its desktop and mobile Websites, and mobile applications under the name Zulily.
