The Reason Tile Shop Holdings, Inc. Profits Fell (And What Management Is Doing About It)
When specialty tile retailer Tile Shop Holdings, Inc. (NASDAQ: TTS) surprised the market with preliminary third-quarter earnings on Oct. 2, investors responded by aggressively selling. Shares finished that day down about 36%, with nearly 12 times as many shares trading hands as a typical trading day for the company's stock.
The company announced its final results for the third quarter on Oct. 17, and they were in line with the preliminary numbers management said to expect a couple weeks back. The earnings provided a deeper look at the financials and operating performance, as well as what management has done and intends to do to improve sales and profits.
Image source: Getty Images.
Source: Fool.com