Liquidity Services Inc (LQDT)

Shares of Liquidity Services Inc (LQDT) dropped by 13.91% from $19.92 to $17.15 in the trading on Thursday, December 7, 2023. The reason why LQDT is down today is due to disappointing financial results. The primary reason for LQDT's decline in share price is the company's lackluster performance in the fourth quarter of 2023. The company reported earnings per share of 26 cents, which was below market expectations. Additionally, Liquidity Services reported revenue of $79.96 million for the quarter, falling short of the analyst estimate of $82.73 million by 3.35%.