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Stock impact report

Qurate Retail Stock Rises on Improved Cash Flow [MarketWatch]

Qurate Retail, Inc. - Series A (QRTEA) 
Last qurate retail, inc. - series a earnings: 2/25 04:30 pm Check Earnings Report
Company Research Source: MarketWatch
The stock rose 28% to $1.79 in midday trading Wednesday. Shares have more than doubled year to date. Advertisement The Englewood, Colo.-based company on Wednesday reported a fourth-quarter loss of $273 million or 70 cents a share for the period ended Dec. 31, compared with a loss of $51 million, or 13 cents a share for the same period a year ago. Adjusted for certain one-time items, Qurate Retail reported earnings of 22 cents a share, compared with an adjusted loss of 5 cents a share. Fourth-quarter revenue decreased to $3.14 billion from $3.53 billion in the year-ago quarter. Qurate Retail said its cash increased $22 million in the fourth quarter as total debt decreased by $215 million thanks to a net debt repayment of $138 million under QVC's bank credit facility. Additionally, the company noted the final payment of all outstanding LI LLC Charter exchangeable debentures, a type of hybrid debt security that can be converted into shares. The exchangeable debentures were tie Show less Read more
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