Live Ventures Inc falls on downbeat Q2 earnings

Live Ventures

11/05/2022 17:02

** Investment holding firm's shares  LIVE.O  down ~11.6% at
$35
    ** Stock on track for biggest one-day pct decline since
September 2021, if losses hold
    ** Company's Q2 operating income dropped 24.1% to $8.4 mln
amid inflationary pressures driving up expenses, primarily
employee compensation  urn:newsml:reuters.com:*:nGNX7pKrsJ
    ** Revenue fell 1.7% to $69.7 mln
    ** Including session losses, shares up ~11% YTD

 (Reporting by Manya Saini in Bengaluru)
 ((Manya.Saini@thomsonreuters.com))