Tile Shop misses Street 4Q forecasts

PLYMOUTH, Minn. (AP) _ Tile Shop Holdings Inc. (TTS) on Tuesday reported fourth-quarter profit of $273,000.

The Plymouth, Minnesota-based company said it had profit of 1 cent per share. Earnings, adjusted for non-recurring costs, were 7 cents per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.

The stone tile retailer posted revenue of $76.6 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $78.4 million.

For the year, the company reported profit of $18.5 million, or 36 cents per share. Revenue was reported as $324.2 million.

Tile Shop expects full-year earnings in the range of 50 cents to 57 cents per share, with revenue in the range of $350 million to $370 million.

Tile Shop shares have increased slightly more than 2 percent since the beginning of the year. The stock has increased 58 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TTS at https://www.zacks.com/ap/TTS


Keywords: Tile Shop Holdings, Earnings Report