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Kirkland's (NASDAQ:KIRK) dropped 7.5% during mid-day trading on Thursday following a dissappointing earnings announcement, StockRatingsNetwork.com reports. The stock traded as low as $17.09 and last traded at $17.56, with a volume of 596,236 shares changing hands. The stock had previously closed at $18.98.

The company reported ($0.06) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.04) by $0.02. The company had revenue of $103.50 million for the quarter, compared to the consensus estimate of $104.34 million. During the same quarter last year, the company posted ($0.03) earnings per share. Kirkland's’s revenue was up 6.6% compared to the same quarter last year.

The stock has a 50-day moving average of $18.9 and a 200-day moving average of $18.11. The company has a market cap of $304.5 million and a price-to-earnings ratio of 22.65.

Kirkland’s, Inc (NASDAQ:KIRK) 1981, is a specialty retailer of home decor and gifts in the United States.

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