Tile Shop Holdings, Inc. Stock Plummets 27% After Earnings: Here's What's Happening

Shares of Tile Shop Holdings, Inc. (NASDAQ: TTS) are down more than 27% at 3:45 p.m. EDT on July 18, following the release of the company's second-quarter financial and operating results the before market opened today.

Tile Shop's sales and earnings results came in short of Wall Street analyst expectations. The company reported revenue of $89.5 million, 6.2% higher year over year but well short of the $93 million in sales the average sell-side analyst was estimating. The company also delivered earnings that were better than the year-ago quarter, up 15% at $0.15 per share, but that wasn't good enough for Mr. Market and its $0.16-per-share expectation.

Image source: Tile Shop.

Source: Fool.com