Revenue Update on Tuesday Morning Corporation(NASDAQ:TUES)

Tuesday Morning Corporation(NASDAQ:TUES) announced the earnings results for Fiscal Year 2017 and Q2. The results came in during Pre-Market on Feb 3, 2017. Company reported revenue of $328.137M. Analysts estimated a revenue of $326.910M. The revenues were 0.38% above the estimates. Earnings per share were $0.19. The reported EPS was below estimates by -50%. Analysts had estimated an EPS of $0.38.

In a different note, On Jan 18, 2017, Johnson Rice said it Downgrades its rating on Tuesday Morning Corporation. The shares have been rated ‘Hold’ by the firm.

Tuesday Morning Corporation (TUES) remained unchanged at the close of Tuesday session. Even as the volume increased to 11,63,196 ,the shares failed to make any impression and ended at 0 points or 0.00% at $3.7. The trading session commenced at $3.65 and the stock hit a high of $3.9 and touched $3.65 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $9.23 and the 52-week low is $3.55. The company has a market cap of $167 M and has approximately 4,50,62,155 outstanding shares.

Several Insider Transactions has been reported to the SEC. On Nov 18, 2016, Richard Willis (director) purchased 13,084 shares at $5.35 per share price.Also, On Nov 18, 2016, Frank M. Hamlin (director) purchased 13,084 shares at $5.35 per share price.On Nov 18, 2016, Sherry M Smith (director) purchased 13,084 shares at $5.35 per share price, according to the Form-4 filing with the securities and exchange commission.

Tuesday Morning Corporation is a merchandise and retail company. The Company is a retailer of off-price upscale decorative home accessories housewares seasonal goods and gifts that sell below retail prices charged by department stores and specialty and on-line retailers in the United States. The Company sells upscale home furnishings housewares gifts and other related items. The Company’s merchandise primarily consists of home decor furniture bed and bath kitchen electrics luggage toys crafts pets and seasonal goods. The Company focuses on merchandise including cookware kitchen appliances linens accessories luggage tabletop crystal and fans. The Company provides outlet for manufacturers and other sources looking for ways to reduce excess inventory resulting from order cancellations by retailers manufacturing overruns bankruptcies and excess capacity. The Company utilizes a mix of both domestic and international suppliers.

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