How did LIVE's Q3 2024 EPS surprise the market?

Live Ventures' Q3 2024 EPS fell short of market expectations, as the company reported a loss of $0.91 per share, which was significantly worse than the analyst estimate of $1.23 per share. This disappointing result can be attributed to several factors: 1. **Revenue Increase**: Despite the EPS miss, Live Ventures reported a substantial increase in revenue for the quarter, with a 35.4% rise to approximately $123.9 million. This growth was primarily driven by strategic acquisitions, such as Precision Metal Works and Central Steel, which collectively added about $21.1 million in revenue. The increase in revenue was also due to enhanced revenue in the Retail-Flooring and Flooring Manufacturing segments. 2. **Acquisitions Impact**: The acquisitions of PMW and Central Steel significantly contributed to the revenue surge. These strategic moves have been instrumental in boosting Live Ventures' financial performance, despite the challenges faced during the quarter. In conclusion, while Live Ventures' Q3 2024 EPS was below market expectations due to various challenges, the company's revenue growth, particularly from acquisitions, provides a positive outlook for future performance.