2 Reasons Why Tile Shop Stock Is Down 28% Today (and What It Means for Investors) [The Motley Fool]
TILE SHOP HOLDINGS (TTS)
Last tile shop holdings earnings: 7/23 06:00 am
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US:NASDAQ Investor Relations:
investors.tileshop.com
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Source: The Motley Fool
Things are getting ugly, Fools. Here's a closer look at the specifics. Jason Hall ( TMFVelvetHammer ) Feb 21, 2018 at 12:31PM What happened Shares of Tile Shop Holdings, Inc. ( NASDAQ:TTS ) were down more than 27.5% at 11:30 a.m. EST today after the release of the specialty retailer's fourth-quarter and full-year financial and operating results before market open. The short version is that investors were stunned when the company reported a $7.4 million GAAP loss in the fourth quarter. Even when adjusting for the one-time negative impact of the recently passed federal tax legislation and other nonrecurring expenses related to resolved litigation, Tile Shop reported an adjusted loss of $0.05 per share. This was far short of investors' expectations, which were for Tile Shop to report an adjusted profit of $0.05 per share. Image source: Gett
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