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