Tile Shop Hldgs, Inc. (TTS) Down Sharply As Earning Miss

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...