Tuesday Morning Q2 Profit Falls 55%

(RTTNews) - Tuesday Morning (TUES) released earnings for second quarter that lost ground from last year.

The company said its earnings came in at $8.43 million, or $0.19 per share. This was down from $18.94 million, or $0.43 per share, in last year's second quarter.

Analysts had expected the company to earn $0.37 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 2.6% to $328.14 million. This was up from $319.88 million last year.

Tuesday Morning earnings at a glance:

-Earnings (Q2): $8.43 Mln. vs. $18.94 Mln. last year. -Earnings Decline (Y-o-Y): -55.5% -EPS (Q2): $0.19 vs. $0.43 last year. -EPS Decline (Y-o-Y): -55.8% -Analysts Estimate: $0.37 -Revenue (Q2): $328.14 Mln vs. $319.88 Mln last year. -Revenue Change (Y-o-Y): 2.6%