Tile Shop: 4Q Earnings Snapshot
PLYMOUTH, Minn. (AP) _ Tile Shop Holdings Inc. (TTS) on Tuesday reported a loss of $1.1 million in its fourth quarter.
On a per-share basis, the Plymouth, Minnesota-based company said it had a loss of 2 cents.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.
The stone tile retailer posted revenue of $83.9 million in the period, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $84.1 million.
For the year, the company reported profit of $10.4 million, or 20 cents per share. Revenue was reported as $357.3 million.
Tile Shop shares have risen 36 percent since the beginning of the year. The stock has decreased 12 percent in the last 12 months.