Tuesday Morning Earnings: Here’s Why the Stock is Down Now
Tuesday Morning Corp. (NASDAQ:TUES) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.13%.
Tuesday Morning Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.11 in the quarter versus EPS of $-0.10 in the year-earlier quarter.
Revenue: Rose 3.13% to $178.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Tuesday Morning Corp. reported adjusted EPS loss of $0.11 per share. By that measure, the company missed the mean analyst estimate of $-0.09. It beat the average revenue estimate of $176.2 million.
Quoting Management: Michael Rouleau, Interim Chief Executive Officer, stated, “Tuesday Morning’s third quarter results show improvement in the top-line as evidenced by increases in both customer traffic and average ticket. Although there is still a great deal of work to be done, we have now realigned our entire organization to focus on the Company’s key priorities with the objective of returning to profitability and providing a great store experience for our customers.”
Key Stats (on next page)…