RTTNews | Jul 21, 2021 11:47AM EDT

11:46 Wednesday, July 21, 2021 (RTTNews.com) - Pennsylvania-based flooring company Armstrong Flooring Inc. (AFI), saw its shares drop 12% in the Wednesday market as the second-quarter loss for the company widened.

The net loss was $19.5 million or $0.89 loss per share, an increase from a loss of $5.6 million or $0.29 per share last year. Leaving the one-time items, the loss was $17.3 million or $0.79 per share, up from a loss of $5.1 million or $0.23 per share in the same quarter last year.

However, the revenue for the company increased to $168.1 million from $145.6 million in the previous year.

The shares are currently trading hands at $4.83, down $0.66 or 12.13% from $5.5 at the bell on Tuesday. The shares opened at $5.56 in the morning and in the 52-week period, the shares have ranged between $2.62 and $6.96.

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