Image source: Getty Images. What: Shares of Tile Shop Hldgs, Inc. (NASDAQ: TTS) are down around 9% at this writing, just before 2 p.m. EDT on July 19, following release of the company's second-quarter earnings report before market open today. So what: The company reported strong results: Revenue of $84.3 million, up 11%. Net income of $6.8 million, up 53%. Comparable-store sales up 8.2%. If there was one weak spot, it's that comps growth -- at 8.2%, one of the better results you'll find in retail -- was down from the 10%-plus comps growth in the first quarter. Furthermore, the market also seems to be displeased with management's guidance for the full year, which was the same on the top end as what the company gave three months ago. The company also ended the quarter with 63% less debt than it had 18 months ago, and a solid cash position. Gross and net margins are up. Operating costs as a percent of revenue continue to fall. Overall, there's really a lot more to like than not like in this quarter's results, as has consistently been the case since CEO Chris Homeister took over at the beginning of 2015. Now what: Value investor Ben Graham famously said, "In the short term, the market is a voting machine. In the long term, it is a weighing machine." Today, Mr. Market looks to be voting on Tile Shop, not really weighing the company's long-term earnings generation value. There's also a good chance some of today's price drop is the usual post-earnings profit-taking of a company whose stock has been on a tear. Even after today's drop, Tile Shop shares are up 40% since March. Factor in a down day for many stocks, and it's not all that surprising to see Tile Shop's shares trading down today. There's a lot more to the story for Tile Shop than its stock price. Looking for more? Keep an eye out for the full, in-depth look at the company's earnings report later today. A secret billion-dollar stock opportunity The world's biggest tech company forgot to show you something, but a few Wall Street analysts and the Fool didn't miss a beat: There's a small company that's powering their brand-new gadgets and the coming revolution in technology. And we think its stock price has nearly unlimited room to run for early, in-the-know investors! To be one of them, just click here.Jason Hall owns shares of Tile Shop Holdings. The Motley Fool owns shares of and recommends Tile Shop Holdings. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.