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TCS - Why The Container Store Is Tumbling 10.5% Today
Container Store
Shares of The Container Store (NYSE: TCS) were tumbling more than 10% lower despite the storage specialist reporting fiscal fourth-quarter results that handily beat Wall Street's expectations.
The Container Store said quarterly sales surged over 30% to $314.7 million while adjusted earnings hit $0.71 per share, nearly three times more than the $0.26 per share it recorded a year ago.