Tile Shop Hldgs, Inc. (NASDAQ:TTS), a home remolding retailer, is trading sharply lower after hours as the firm missed its earnings and revenue report in the second quarter. Tile Shop misses consensus estimate The company reported second quarter earnings of 8 cents a share, missing consensus estimate of 10 cents a share by 2 cents. Revenue tumbled 14.7% year-over-year to $66.66 million for the quarter, disappointing analysts who had expected revenue of $68.5 million for the quarter. Tile Shop Holdings was the subject of two activist investors, Gotham City Research and Infitialis, both of whom had sold the company short….
Tile Shop Hldgs, Inc. (TTS) Down Sharply As Earning Miss
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.