Shares of consumer products provider Tupperware (NYSE:TUP) are taking a tumble today after the company’s first-quarter outlook disappointed investors.
The company was slated to announce third-quarter numbers on May 3 but has indicated it will be unable to make 10-Q filing within the stipulated time while it reviews and restates earlier earnings. Additionally, Tupperware is also yet to file its 10-K report.
Furthermore, while analysts are expecting a net loss per share of $0.03 for the quarter, Tupperware has indicated it anticipates a substantial drop in its topline for the quarter ended April 31.
Shares of the company have tanked 87% over the past year and short interest in the stock still remains high at nearly 19% at present.
Read full Disclosure