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What: Shares of Lumber Liquidators (NYSE:LL) were ending up on the shop floor today, finishing down 14% after posting a disappointing outlook in its quarterly report.

So what: The wood-flooring specialist issued an updated EPS outlook for the current year of $2.72-$2.75, against estimates of $2.76, while its fourth-quarter outlook was $0.69-$0.72, below the consensus. For 2014, it sees EPS of $3.25-$3.60, versus estimates of $3.50. Sales projections for both this year and next were within range of estimates.

Now what: Investors seem to be reacting to the dialed-down estimates for the current quarter and year, though the top end of the guided range is only a penny below estimates. Shares of Lumber Liquidators have eased down from highs than year on short-selling by Whitney Tilson and an investigation by federal authorities into its wood sourcing. Still, with a brisk expansion and solid growth in organic sales, the company looks poised to grow into its lofty valuation.

Fool contributor Jeremy Bowman has no position in any stocks mentioned. The Motley Fool recommends and owns shares of Lumber Liquidators. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.