Revenue Update on Tuesday Morning Corporation(NASDAQ:TUES)

Tuesday Morning Corporation(NASDAQ:TUES) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-market on Aug 19, 2016. Company reported revenue of $222.81M. Analysts estimated a revenue of $228.46M. Earnings per share were $-0.09. Analysts had estimated an EPS of $-0.13.

Tuesday Morning Corporation (TUES) shares turned negative on Mondays trading session with the shares closing down -0.24 points or -3.37% at a volume of 2,32,622. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $7.15. The peak price level was also seen at $7.15 while the days lowest was $6.81. Finally the shares closed at $6.89. The 52-week high of the shares is $9.23 while the 52-week low is $5.01. According to the latest information available, the market cap of the company is $307 M.

Several Insider Transactions has been reported to the SEC. On Jan 22, 2016, Steven R Becker (CEO) purchased 86,820 shares at $5.06 per share price.Also, On Nov 16, 2015, Terry Lee Burman (director) purchased 60,000 shares at $5.52 per share price.On Nov 12, 2015, Frank M. Hamlin (director) purchased 7,850 shares at $6.35 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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