UPDATE 1-Lumber Liquidators Q3 misses Street; gives weak Q4 view

* Q3 EPS $0.15 vs est $0.32

* Q3 sales $147.2 mln vs est $161.5 mln

* Sees Q4 EPS $0.21-$0.27 vs est $0.30

* Shrs down 14 pct after the bell

Nov 3 (BestGrowthStock) – Hardwood flooring retailer Lumber
Liquidators Holdings Inc (LL.N: ) posted third-quarter results
that missed market estimates, partly on higher transportation
costs, and it gave a weak fourth-quarter outlook, knocking its
shares down 14 percent.

Third-quarter results were also hit by implementation of
SAP software which reduced conversion of customer demand into
invoiced sales, Lumber Liquidators said in a statement.

The Toano, Virginia-based company, which competes with much
bigger chains like Home Depot Inc (HD.N: ) and independent
retailers, expects fourth-quarter earnings of 21-27 cents a
share. Analysts were looking for 30 cents a share, according to
Thomson Reuters I/B/E/S.

The company posted third-quarter net income of $4.3
million, or 15 cents a share, compared with $7.8 million, or 28
cents a share, a year ago.

Net sales rose 4.7 percent to $147.2 million.

Analysts on average were expecting earnings of 32 cents a
share, before special items, on revenue of $161.5 million.

Higher transportation costs partly brought down gross
margins to 35.2 percent from 36.4 percent in the year-ago
quarter.

Shares of the company were down 14 percent at $21.45 after
the bell. They closed at 24.89 on Wednesday on the New York
Stock Exchange.
(Reporting by Mihir Dalal in Bangalore; Editing by Maju
Samuel)

UPDATE 1-Lumber Liquidators Q3 misses Street; gives weak Q4 view