Tuesday Morning loss narrows

Dallas Tuesday Morning Corp. reported narrowed third-quarter losses as revenue improved while the discount homegoods retailer kept a lid on expenses and inventory levels. The company maintained its full-year earnings and revenue forecasts Monday.

Tuesday Morning lost $4.3 million, compared with a loss of $6.8 million a year earlier.

Revenue for the three months ended March 31 rose 3% to $172 million from $167 million. Same-store sales rose 1.6%.

The company had 847 stores in 43 states at quarter's end.