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The Container Store Slides, Earnings News, Cramer on Cummins

TheStreet

The Container Store was a touted IPO in 2013, with private equity backer Leonard Green reaping solid returns -- but when the company reported earnings on Tuesday afternoon, shares slumped. A double digit loss came for The Container Store when it announced losses greater than what was expected. WD-40 shareholders are up for earnings next, and the company, having gained more than 30% over the last 12 months, is looking to keep its beat streak alive. And a surprise dividend boost and a big buyback is good news for Cummins investors, but Jim Cramer says to watch for more gains.