ENGLEWOOD, Colo. (AP) _ Qurate Retail Group, Inc. (QRTEA) on Wednesday reported third-quarter net income of $338 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Englewood, Colorado-based company said it had net income of 80 cents. Earnings, adjusted for non-recurring gains, came to 57 cents per share.
The online commerce holding company posted revenue of $3.38 billion in the period.
Qurate Retail shares have fallen 18% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $6.89, a decrease of 27% in the last 12 months.
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