Investing.com - Qurate Retail A reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Qurate Retail A announced earnings per share of $-0.05 on revenue of $2.92B. Analysts polled by Investing.com anticipated EPS of $0.27 on revenue of $2.91B. That with comparison to EPS of $0.13 on revenue of $3.09B in the same period a year before.Qurate Retail A had reported EPS of $0.34 on revenue of $4.17B in the previous quarter.Analysts are expecting EPS of $0.37 and revenue of $2.91B in the upcoming quarter.
Qurate Retail A shares are down 7.59% from the beginning of the year and are trading at $7.79 , down-from-52-week-high.They are under-performing the Nasdaq which is down 2.05% year to date.
Qurate Retail A follows other major Services sector earnings this month
Qurate Retail A's report follows an earnings missed by Amazon.com on April 30, who reported EPS of $5.01 on revenue of $75.45B, compared to forecasts EPS of $6.16 on revenue of $73.74B.
Visa A had beat expectations on April 30 with second quarter EPS of $1.39 on revenue of $5.85B, compared to forecast for EPS of $1.34 on revenue of $5.72B.
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