Turning Point Brands Stock Falls 19% Despite Reporting Higher Earnings In Q4

Shares of Turning Point Brands, Inc. (TPB) are moving down around 19 percent on Monday morning trading despite the announcement of rise in fourth-quarter net income to $58.17 million, or $3.11 per share, compared to $39.81 million, or $2.14 per share, last year.The company's stock is currently trading at $110.60, down 19.36 percent or $26.39, over the previous close of $136.99 on the New York Stock Exchange. It has traded between $51.48 and $146.90 in the past one year.The company's revenue for the period ...