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 Hub
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