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Article: Tuesday Morning Corporation Reports Increase in Third Quarter Profits
- Article from:
- PR Newswire
- Article date:
- October 21, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DALLAS, Oct. 21 /PRNewswire/ -- Tuesday Morning Corporation (Nasdaq: TUES), North America's largest operator of deep-discount closeout gift stores, today reported an improvement in its third quarter and first nine months 1997 operating results.
The Company reported net income of $2,907,000 ($0.24 per share) for the quarter ended September 30, 1997, versus net income of $698,000 ($0.06 per share) for 1996. Net income for the first nine months of the year was $5,366,000 ($0.43 per share) compared to $456,000 ($0.04 per share) in 1996. Net sales grew 32% during the quarter from $48.5 million to $64.2 million and 29% for the nine months from $138.6 million to ...