Qurate Retail Group, Inc. (QRTEA) Misses Q1 EPS by 3c, Revenues Miss
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Qurate Retail, Inc. Reports First Quarter 2019 Financial Results
May 9, 2019 4:30 PM EDTENGLEWOOD, Colo.--(BUSINESS WIRE)-- Qurate Retail, Inc. ("Qurate Retail") (Nasdaq: QRTEA, QRTEB) today reported first quarter 2019 results. Highlights include(1):
Operating results:
Qurate Retail revenue decreased 4% to $3.1 billion Revenue decreased 3% in constant currency(2) eCommerce revenue of $1.8 billion or 59% of total revenue Qurate Retail reported diluted EPS of $0.13; adjusted EPS(3) of $0.35 QxH revenue decreased 4% to $1.9 billion QVC International revenue decreased 5% to $644 million, as reported Revenue increased 1% in constant currency Zulily revenue decreased 5% to $397 million... More