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Lumber Liquidators Q3 misses, plans three stores
Toano, Va. –- Lumber Liquidators missed Wall Street estimates for both net income and sales for the third quarter of fiscal 2014. Net income totaled $15.7 million, down 23% from $20.4 million in the year ago period, amid higher expenses. Net sales rose 5% to $266.1 million from $254.3 million. Same-store sales dropped 4.9%, although they improved each month in the quarter as more inventory became available.

