Tuesday Morning Q2 Earnings Decline 20%

(RTTNews) - Tuesday Morning (TUES) released a profit for second quarter that dropped from last year.

The company said its profit came in at $18.94 million, or $0.43 per share. This was down from $23.66 million, or $0.54 per share, in last year's second quarter.

Analysts had expected the company to earn $0.55 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 6.1% to $319.88 million. This was up from $301.40 million last year.

Tuesday Morning earnings at a glance:

-Earnings (Q2): $18.94 Mln. vs. $23.66 Mln. last year. -Earnings Decline (Y-o-Y): -19.9% -EPS (Q2): $0.43 vs. $0.54 last year. -EPS Decline (Y-o-Y): -20.4% -Analysts Estimate: $0.55 -Revenue (Q2): $319.88 Mln vs. $301.40 Mln last year. -Revenue Change (Y-o-Y): 6.1%