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Qurate Retail: 1Q Earnings Snapshot

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.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on QRTEA at https://www.zacks.com/ap/QRTEA