Tuesday Morning (TUES) Offers Q4 Sales Results, Guides FY12 Earnings
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Tuesday Morning (Nasdaq: TUES) reports Q4 sales of $196.4 million, up about 0.8 percent from the same quarter last year. Same-store sales rose 0.2 percent.
The company is looking for a loss of 1-2 cents per share, which compares to the Street estimate of a 1 cent per share loss. FY12 EPS are expected to be in the range of 12-13 cents before costs associated with the departure of the CEO. Analysts are expecting a FY12 gain of 14 cents per share.
Michael Marchetti, President and Interim Chief Executive Officer, stated, "We were able to achieve an increase in total sales for the quarter and are well positioned with respect to inventory and cash as we transition into a new era."
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The company is looking for a loss of 1-2 cents per share, which compares to the Street estimate of a 1 cent per share loss. FY12 EPS are expected to be in the range of 12-13 cents before costs associated with the departure of the CEO. Analysts are expecting a FY12 gain of 14 cents per share.
Michael Marchetti, President and Interim Chief Executive Officer, stated, "We were able to achieve an increase in total sales for the quarter and are well positioned with respect to inventory and cash as we transition into a new era."
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