What happened Shares of Qurate Retail (NASDAQ: QRTEA) have plunged today, down by 22% as of 12:20 p.m. EST, after the company reported Q4 earnings. The media and retail specialist, previously known as Liberty Interactive, said revenue and margins were under pressure during the quarter. So what Revenue declined 5% to $4.2 billion in Q4, which brought full-year sales to $13.5 billion. That translated into adjusted earnings per share of $0.68, which was slightly ahead of the $0.66 per share in adjusted profits that analysts were expecting. The core QxH segment saw revenue decline across all categories in the fourth quarter. Image source: Qurate Retail. "Our fourth quarter results were in line with full-year trends, notably we experienced pressure on revenue and margins from the investment in network optimization at QxH," CEO Mike George said in a statement. "Despite these challenges, we were encouraged with our ability to grow free cash flow in 2019 on an operating basis." Now what The retailer repurchased exchangeable bonds for $98 million while hedging its remaining exposure with total return swaps. Qurate has recently issued two tranches of secured notes: 4.75% notes due in 2027 and 6.25% notes due in 2068. The proceeds were used to repay outstanding borrowings from a credit facility and general corporate purposes. "We are accelerating the execution of our strategic priorities as we work to return to profitable growth," George added. "We continue to lead the curation of special products at compelling values across multiple platforms, providing customers an important third way to shop." 10 stocks we like better than Qurate Retail, Inc.When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Qurate Retail, Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of December 1, 2019 Evan Niu, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source