Tuesday Morning Corp. (TUES) Posts Quarterly Earnings Results, Misses Expectations By $0.08 EPS

Tuesday Morning Corp. (NASDAQ:TUES) announced its earnings results on Thursday. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.08), Briefing.com reports. The business had revenue of $218.76 million for the quarter, compared to the consensus estimate of $216.39 million. Tuesday Morning Corp. had a negative return on equity of 17.31% and a negative net margin of 3.69%. Tuesday Morning Corp.’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.20) EPS.

Shares of Tuesday Morning Corp. (NASDAQ:TUES) traded down $0.05 during mid-day trading on Friday, hitting $3.10. The stock had a trading volume of 345,665 shares, compared to its average volume of 294,926.

TUES has been the topic of several research analyst reports. Zacks Investment Research upgraded Tuesday Morning Corp. from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. B. Riley restated a “neutral” rating and set a $2.40 target price (down previously from $2.60) on shares of Tuesday Morning Corp. in a report on Friday, August 25th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Tuesday Morning Corp. currently has a consensus rating of “Hold” and an average price target of $2.90.

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Tuesday Morning Corp. Company Profile

Tuesday Morning Corporation is an off-price retailer. The Company specializes in selling discounted, upscale decorative home accessories, housewares, seasonal goods and famous-maker gifts. The Company operated 751 stores in 40 states in the United States, as of June 30, 2016. The Company offers products in a range of categories, such as home decor, furniture, bed and bath, kitchen, toys, crafts, pets and seasonal goods.

Earnings History for Tuesday Morning Corp. (NASDAQ:TUES)

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