Tile Shop: 1Q Earnings Snapshot

Tile Shop Holdings Inc. (TTS) on Thursday reported first-quarter net income of $4 million.

On a per-share basis, the Plymouth, Minnesota-based company said it had net income of 8 cents.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.

The stone tile retailer posted revenue of $91.1 million in the period.

Tile Shop shares have declined 41 percent since the beginning of the year. The stock has fallen 73 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