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Lumber Liquidators hit hard by '60 Minutes' report
When Lumber Liquidators executives talked about earnings in a conference call last week, they alluded to an upcoming "60 Minutes" investigation of the company's business practices. Turns out, the CBS report was a lot more damning than some analysts expected.
The company's shares tumbled drastically on Monday, with the stock price falling more than 24%.
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'60 Minutes' expose sends Lumber Liquidators shares tumbling
New York -- The "60 Minutes" episode alluded to in last week's Lumber Liquidators earnings conference call was apparently more damning than some analysts expected.
As a result, the company's shares tumbled Monday morning, with pending news prompting a pause in trading that resumed again after the stock price fell more than 24%.

