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Adam Eckert

RARE PHOTOS: What s driving qurate retail shares lower today | Vintage Vibes

Qurate Retail Qurate Retail Inc

Qurate Retail Inc (NASDAQ:QRTEA) is trading lower Friday after the company announced it experienced lower-than-anticipated demand in the fourth quarter, which has negatively impacted expected sales and adjusted OIBDA —operating income before depreciation and amortization.

As a result, Qurate Retail issued preliminary results for the fourth quarter. On a year-over-year basis, the company now expects revenue to be down 8% to 9% and adjusted OIBDA to decline between 17% and 20%.

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