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UPDATE 1-Tuesday Morning Q1 sales fall, sees loss below Street

Fri Oct 9, 2009 4:36pm EDT

Stocks

   

* Q1 revenue fall 4 pct to $165.9 mln

Stocks  |  Cyclical Consumer Goods

* Sees Q1 loss/shr $0.11-$0.13

* Same-store sales drop 6 pct

Oct 9 (Reuters) - Home accessories retailer Tuesday Morning Corp (TUES.O) posted a 4 percent fall in its first quarter sales, but forecast a narrower-than-expected quarterly loss.

"Credit and housing woes continued to impact the discretionary spending behavior of our customers," Chief Executive Kathleen Mason said.

The company posted a sales of $165.9 million for the quarter. It now sees a loss of 11 cents to 13 cents a share.

Analysts on average were expecting a loss of 14 cents a share, before items, on revenue of $166 million, according to Thomson Reuters I/B/E/S.

Same-store sales fell 6 percent in the quarter.

Shares of the Dallas-based company closed at $4.14 Friday on Nasdaq. (Reporting by Renju Jose; Editing by Pradeep Kurup)

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