Tuesday Morning Corp. Stock Price Down 4% on Disappointing Earnings (TUES)
Shares of Tuesday Morning Corp. (NASDAQ:TUES) dropped 4% on Thursday following a weaker than expected earnings announcement, AmericanBankingNews.com reports. The company traded as low as $17.00 and last traded at $17.09, with a volume of 1,096,692 shares traded. The stock had previously closed at $17.81.
The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by $0.01. The company had revenue of $212.60 million for the quarter, compared to the consensus estimate of $213.11 million. During the same quarter in the previous year, the company posted ($0.13) earnings per share. The company’s revenue for the quarter was up 5.2% on a year-over-year basis.
The stock’s 50-day moving average is $17.11 and its 200-day moving average is $15.80. The company’s market cap is $737.0 million.
Tuesday Morning Corporation is a closeout retailer of upscale decorative home accessories, housewares, and famous-maker gifts in the United States.
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