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Why Tile Shop Holdings, Inc. Stock Dropped 29.3% in July

TheMotleyFool

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Why Tile Shop Holdings, Inc. Stock Dropped 29.3% in July

Shares of Tile Shop Holdings Inc. (NASDAQ: TTS) fell 29.3% in the month of July, according to data provided by S&P Global Market Intelligence, after the specialty flooring retailer announced weaker-than-expected second-quarter 2017 results.

The Tile Shop's quarterly revenue rose 6.2% year over year, to $89.5 million, which translated to 15% growth in earnings per share, to $0.15. But analysts, on average, were expecting higher earnings of $0.16 per share on revenue of $93 million.

IMAGE SOURCE: THE TILE SHOP.

Source: Fool.com