Acquisition drags on Liquidity

Investor's Business Daily

The online auction house for surplus said adjusted fiscal Q4 EPS doubled to 40 cents, 3 cents over views. Revenue climbed 52% to $122.3 mil, beating views for $114.6 mil. But Liquidity Services (LQDT) said its July acquisition of GoIndustry DoveBid will drag on fiscal '13 earnings. Shares fell 13.5% to 37.83.

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