BETHESDA, Md. (AP) — BETHESDA, Md. (AP) — Liquidity Services Inc. (LQDT) on Thursday reported profit of $7.5 million in its fiscal first quarter.

The Bethesda, Maryland-based company said it had profit of 23 cents per share. Earnings, adjusted for one-time gains and costs, were 39 cents per share.

The surplus equipment company posted revenue of $121.2 million in the period.

For the current quarter ending in March, Liquidity Services expects its per-share earnings to range from 29 cents to 38 cents.

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