Lumber Liquidators (LL) Posts Q1 Loss of $1.20/Share; Discloses Additional SEC Subpoena

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Lumber Liquidators (LL) Grinds Higher After Opening Sharply Lower

May 10, 2016 12:20 PM EDT

Lumber Liquidators (NYSE: LL) is grinding higher from morning lows. Shares are down 5.3% after opening down 17.5% following earnings and a disclosure of additional SEC subpoenas. Short covering is likely a big contributor to today's move.

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Lumber Liquidators (LL) Discloses Additional SEC Subpoena in 10-Q

May 10, 2016 6:21 AM EDT

Lumber Liquidators (NYSE: LL) disclosed the following on Tuesday in its 10-Q filing:

Securities Laws

In March 2015, the Company received a... More