Qurate Retail Group, Inc. (QRTEA) Tops Q3 EPS by 5c, Revenues Beat

Qurate Retail Group, Inc. (NASDAQ: QRTEA) reported Q3 EPS of $0.37, $0.05 better than the analyst estimate of $0.32. Revenue for the quarter came in at $3.23 billion versus the consensus estimate of $3.19 billion.

“Our solid third quarter results demonstrate continued execution of our strategy to engage our customers with compelling products across multiple shopping platforms,” said Mike George, Qurate Retail’s President and CEO. “We grew revenue and profitability at QVC US, improved HSN’s sales trend and customer engagement trends, and delivered another outstanding quarter at zulily. We’re taking steps to more fully leverage the power of our US video commerce platform and accelerate our digital initiatives by combining QVC US and HSN into a new business unit, QXH, a move that we believe will yield new revenue opportunities and improved customer service, as well as operating efficiencies and incremental cost synergies. Qurate Retail is focused on leveraging its unique video commerce model in a retail market that increasingly values engaging mobile and social shopping experiences.”

For earnings history and earnings-related data on Qurate Retail Group, Inc. (QRTEA) click here.

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