Qurate Retail Inc. (QRTEA) shares gained 0.37% in after-hours on Tuesday, August 17, 2021, and closed the daily trading at $10.73. In the regular trading session on Tuesday, QRTEA’s stock lost 0.19%. QRTEA shares have risen 62.93% over the last 12 months, and they have moved down 5.57% in the past week. Over the past three months, the stock has lost 17.39%, while over the past six months, it has declined 18.33%.
Let’s have a look at its recent news and developments.
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QRTEA divided declaration
On August 17, 2021, the board of directors of Qurate Retail, Inc (QRTEA) declared the regular quarterly cash dividend payable to holders of its 8.0% Series A Cumulative Redeemable Preferred Stock. The per-share amount of the quarterly cash dividend will be $2.00, payable in cash on September 15, 2021, to stockholders of record of the Preferred Stock at the close of business on August 31, 2021.
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QRTEA declared interest payments
On August 16, 2021, Qurate Retail, Inc. (QRTEA) announced the payment of semi-annual interest payment and regular additional distribution to the holders as of August 1, 2021, of the 3.75% Senior Exchangeable Debentures due 2030 issued by its wholly-owned subsidiary, Liberty Interactive LLC. The amount of the interest payment is $18.75 per $1,000 original principal amount of Debentures, and the amount of the additional distribution is $0.28730 per Debenture.
Zulily Pilot study findings
On August 10, 2021, Online retailer Zulily released findings from a first-of-its-kind pilot study, conducted by third-party researcher ENGINE, that used Artificial Intelligence (AI) to analyze human emotions through facial and linguistic expressions. The study shows exactly what motivates moms to plan, what they experience as a result and how others can learn positive behaviours that enable them to experience similar benefits.
Zulily, LLC is a wholly-owned subsidiary of Qurate Retail, Inc.
QRTEA recent financial results announcement
On August 06, 2021, Qurate Retail, Inc (QRTEA) announced its second-quarter 2021 results.
QRTEA Q2 2021 financial highlights
- QRTEA reported revenue of $3.5 billion for Q2 2021 compared to $3.4 billion in Q2 2020.
- Operating loss was $433 million in Q2 2021 compared to $405 million in Q2 2020.
- Total Qurate Retail Adjusted OIBDA was $581 million in Q2 2021 compared to $565 million in Q2 2020.
- Net income was $222 million compared to $220 million in Q2 2020.
- GAAP, earning per share was $0.52 in Q2 2021 compared to $0.53 in Q2 2020.
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Conclusion
We have only one recent news which is the dividend declaration and that could be the reason behind its turnaround in the after-hours on Tuesday. We can expect it to perform well in the next trading sessions.
