Tilly’s Inc (NYSE:TLYS) stock was on its way down today following the release of its earnings report for the fourth quarter of 2017.
During the fourth quarter of 2017, Tilly’s Inc reported revenue of $164.32 million. This is up over its revenue of $160.22 million that was reported in the same period of the year prior. However, it was bad news for TLYS stock by coming in below Wall Street’s revenue estimate of $166.09 million for the quarter.
Tilly’s Inc’s earnings per share of 23 cents for the fourth quarter of 2017 also didn’t do TLYS stock any favors today. While this is a one penny increase from the same time last year, it comes in below analysts’ earnings per share estimate of 25 cents for the period.
Net income reported by Tilly’s Inc for the fourth quarter of the year was $6.70 million. The clothing retailer’s net income reported in the fourth quarter of the year prior was $6.30 million.
Tilly’s Inc reported operating income of $11.44 million for the fourth quarter of 2017. This is better than its operating income of $10.40 million that was reported in the fourth quarter of 2016.
Tilly’s Inc also provides its outlook for the first quarter of 2018 in its most recent earnings report. The company says that it is expecting earnings per share for the quarter to range from a loss of 1 cent per share to earnings of 3 cents per share. Wall Street is looking for earnings per share of 2 cents for the quarter.
TLYS stock was down 13% as of Tuesday morning.
As of this writing, William White did not hold a position in any of the aforementioned securities.