Seeking Alpha

Tile Shop lower after guidance cut and audit result

  • Tile Shop (TTS) says an independent audit determined that that there is no evidence that financial results have been misstated in the past.
  • The investigation focused on the relationship of a Chinese export trading concern used by the company and its vendors, finding that undisclosed related party relationships were found to exist.
  • New guidance from Tile Shop: FY14 EPS of $0.43-$0.47 and revenue of $285M-$295M.
  • TTS -6.5% premarket
From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs