Mar 12, 2008. /Lesprom.com/. Hardwood flooring retailer Lumber Liquidators Inc. said its 4Q earnings increased 88% due to sales at new stores, fewer promotions and higher margin products sold, Associated Press informed. Net income increased to $3 million, or $0.12 per share, from $1.6 million, or $0.07 per share, during the same period the previous year. Analysts on average, forecast earnings of $0.10 per share for the quarter on sales of $102.2 million. Net sales increased 24.4% to $105.5 million during the 4Q. Lumber Liquidators sales were boosted by the opening of 5 new stores in the 4Q. Gross margins also improved during the quarter as Lumber Liquidators introduced higher-margin products in 2007 and reduced the number of promotional discounts it ran during the 4Q, compared with the year-ago period. For the full year, net income fell to $11.3 million, or $0.48 per share, from $12.9 million, or $0.56 per share, in 2006.