ENGLEWOOD, Colo. (AP) _ Qurate Retail Group, Inc. (QRTEA) on Wednesday reported a first-quarter loss of $20 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Englewood, Colorado-based company said it had a loss of 5 cents. Earnings, adjusted for non-recurring costs, came to 27 cents per share.
The online commerce holding company posted revenue of $2.92 billion in the period.
Qurate Retail shares have decreased almost 8% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $7.79, a decline of 55% in the last 12 months.