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 rose 28.4% to $463.06 million from $360.66 million in the prior year.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.