Liquidity Services (NASDAQ: LQDT) stock soared 6.8% in pre-market trading on Thursday, following the company's better-than-expected Q4 2024 financial results.
The online auction marketplace for surplus and salvage assets reported adjusted earnings per share of $0.32, surpassing the consensus estimate of $0.28 by a significant margin of 14.29%. Moreover, Liquidity Services' Q4 revenue of $106.9 million exceeded analysts' expectations of $93.049 million, representing a 14.89% beat and a 33.7% increase compared to the same period last year.
The company's strong performance was further reinforced by its reported adjusted net income of $10.2 million, net income of $6.4 million, adjusted EBITDA of $14.5 million, and Gross Merchandise Value (GMV) of $361 million for the fourth quarter.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.