Qurate Retail Group, Inc. (QRTEA) Tops Q3 EPS by 12c, Revenues Miss
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Qurate Retail, Inc. Reports Third Quarter 2019 Financial Results
November 11, 2019 6:30 AM ESTENGLEWOOD, Colo.--(BUSINESS WIRE)-- Qurate Retail, Inc. ("Qurate Retail") (Nasdaq: QRTEA, QRTEB) today reported third quarter 2019 results. Headlines include(1):
Operating results:
Qurate Retail total revenue decreased 4% to $3.1 billion Revenue decreased 4% in constant currency(2) eCommerce revenue comprised $1.8 billion or 59% of total revenue Qurate Retail reported $(1.85) diluted EPS; $0.42 adjusted diluted EPS(3) QxH revenue decreased 4% to $1.9 billion QVC International revenue increased 2% to $650 million Revenue increased 3% in constant currency Zulily revenue decreased 17% to $359 million Incurred a $1.0 billion non-cash impairment charge... More