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Lumber Liquidators Preliminary Sales Top Analysts’ Estimates

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Lumber Liquidators Holdings Inc., accused by a news program of selling flooring with excessive levels of formaldehyde, posted first-quarter sales that topped analysts’ estimates as it works to regain consumers’ trust.

Revenue rose 5.6 percent to $260 million in the period, the company said Thursday in a preliminary earnings statement. Lumber Liquidators last month forecast sales of as much as $265.6 million, and analysts estimated $258.2 million.