Toughbuilt drops on bigger-than-expected quarterly loss

Toughbuilt Industries

16/08/2021 13:27

** Shares of home improvement company  TBLT.O  down 9.5%
pre-market at 62 cents 
    ** Co reports Q2 loss per share of 9 cents against Refinitiv
IBES estimate for a 6 cents loss
    ** Reports Q2 revenue of $15.9 mln, higher than the $13 mln
estimate
    ** Co has now missed earnings estimates for three
consecutive quarters
    ** Shares trade nearly 13% below the 50-day moving average
of 72 cents per share
    ** Up to Friday's close, stock down ~14% YTD

 (Reporting by Shashank Nayar in Bengaluru)
 ((Shashank.Nayar@thomsonreuters.com; within U.S. +1 646 223
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