Shares of hardwood flooring company Lumber Liquidators are getting whacked in Wednesday trading, with the stock currently down nearly 20%. The catalyst for this market punishing? There are, in fact, two: the company released fourth quarter earnings results that missed Wall Street's expectations on the top and bottom line and, in a separate SEC filing, revealed that it may face criminal charges from the Department of Justice.
Shares of hardwood flooring company Lumber Liquidators are getting whacked in Wednesday trading, with the stock currently down nearly 20%. The catalyst for this market punishing? There are, in fact, two: the company released fourth quarter earnings results that missed Wall Street's expectations on the top and bottom line and, in a separate SEC filing, revealed that it may face criminal charges from the Department of Justice.
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