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Actionable news in TTS: Tile Shop Hldgs, Inc.,

Tile Shop (TTS) Stock Spiking on Q1 Beat

NEW YORK (TheStreet) -- Shares of Tile Shop Holdings (TTS - Get Report) are soaring by 14.64% to $18.28 on heavy trading volume late Tuesday afternoon, following the release of better-than-expected results for the 2016 first quarter.

Before today's opening bell, the Plymouth, MN-based tile retailer posted earnings of 14 cents per diluted share, surpassing analysts' expectations for 11 cents per share.

Revenue jumped by 16.1% to $84.7 million year-over-year and topped Wall Street's estimates of $80 million.

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