What happened Shares of Liquidity Services (NASDAQ: LQDT) skyrocketed today, up by 17% as of 11:40 a.m. EST, after the company reported fiscal fourth-quarter earnings. The results topped expectations and the company issued a rosy forecast for next quarter. So what Revenue in the fiscal fourth quarter was $55.9 million, easily beating the consensus estimate of $53.5 million. That resulted in adjusted net income of $7.9 million, or $0.23 per share, while Wall Street analysts were looking for just $0.01 per share in adjusted profits. Liquidity Services, which operates a business-to-business (B2B) e-commerce technology platform, reported total gross merchandise volume (GMV) of $196.9 million and adjusted EBITDA of $9 million. Image source: Getty Images. "Our e-commerce marketplace capabilities continue to drive strong recovery for sellers and have enabled us to scale our services quickly as more customers seek more efficient self-serve solutions to manage surplus and returned goods in the supply chain," CEO Bill Angrick said in a statement. "In turn, our higher recovery rates have driven increasing adoption of our consignment pricing model, positively impacting gross profit margins." Now what Liquidity Services repurchased $4 million in stock during the quarter and finished the fiscal year with $76 million in cash and no debt. In terms of guidance for the fiscal first quarter, GMV is forecast in the range of $175 million to $195 million, which should translate into adjusted EBITDA of $5 million to $6.5 million. Adjusted earnings per share are expected to be $0.08 to $0.12, which is better than the $0.01 per share in adjusted losses that analysts are modeling for. 10 stocks we like better than Liquidity ServicesWhen 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 Liquidity Services 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 November 20, 2020 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