Tuesday Morning Corporation (TUES) reported quarterly earnings results on Friday, Aug-19-2016. The company said it had a profit of $-0.09 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $-0.13. The company posted revenue of $222.80 million in the period, compared to analysts expectations of $227.32 million. The company’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.10 EPS.
Tuesday Morning Corporation closed down -0.28 points or -3.59% at $7.51 with 2,16,860 shares getting traded on Wednesday. Post opening the session at $7.79, the shares hit an intraday low of $7.49 and an intraday high of $7.79 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Jan 22, 2016, Steven R Becker (CEO) purchased 86,820 shares at $5.06 per share price. According to the SEC, on Nov 16, 2015, Terry Lee Burman (director) purchased 60,000 shares at $5.52 per share price. On Nov 12, 2015, Frank M. Hamlin (director) purchased 7,850 shares at $6.35 per share price, according to the Form-4 filing with the securities and exchange commission.
Tuesday Morning Corporation is a merchandise and retail company. The Company is a retailer of off-price upscale decorative home accessories housewares seasonal goods and gifts that sell below retail prices charged by department stores and specialty and on-line retailers in the United States. The Company sells upscale home furnishings housewares gifts and other related items. The Companys merchandise primarily consists of home decor furniture bed and bath kitchen electrics luggage toys crafts pets and seasonal goods. The Company focuses on merchandise including cookware kitchen appliances linens accessories luggage tabletop crystal and fans. The Company provides outlet for manufacturers and other sources looking for ways to reduce excess inventory resulting from order cancellations by retailers manufacturing overruns bankruptcies and excess capacity. The Company utilizes a mix of both domestic and international suppliers.