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Jun 30, 2020
Qurate Q2 2020 Earnings Report
Reported strong financial results with revenue increase and strategic initiatives.
Key Takeaways
Qurate Retail reported a 10% increase in revenue to $3.4 billion, driven by growth in eCommerce and strong performance across all business units and geographic markets. The company's diluted EPS was $0.53, and adjusted diluted EPS was $0.54. The Board of Directors announced their intent to declare special dividends.
Total Qurate Retail revenue increased by 10% to $3.4 billion.
eCommerce revenue grew by 19% to $2.2 billion, representing 64% of total revenue.
Qurate Retail reported diluted EPS of $0.53 and adjusted diluted EPS of $0.54.
The Board of Directors announced their intent to return capital to shareholders via a potential dividend.
Revenue by Segment
Forward Guidance
Qurate Retail anticipates a tax rate between 15% and 18% over the next three years, excluding one-time items.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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