62.2 F
Fort Worth
Friday, September 25, 2020
- Advertisements -
Business Pier 1 beats 3Q profit expectations, misses revenue forecasts

Pier 1 beats 3Q profit expectations, misses revenue forecasts

Other News

Petalo, not Charmin: Virus brings Mexican toilet paper to US

By JOSEPH PISANI AP Retail Writer NEW YORK (AP) — Toilet...

Mall owners close to buying JC Penney out of bankruptcy

By ANNE D'INNOCENZIO AP Retail WriterNEW YORK (AP) — Mall owners Simon Property Group and Brookfield Property Partners are close to a...

At Home launches collection with Fort Worth connection

At Home Group Inc. (NYSE: HOME), The Home Décor Superstore, has debuted an exclusive collection with interior...

Former Toys ‘R’ Us reopens as Havertys in Southlake

HAVERTYS (NYSE: HVT and HVT.A) will officially open its new store in Southlake Corners on Friday, August 21, 2020. The 32,300 square...

FORT WORTH, Texas (AP) _ Pier 1 Imports Inc. (PIR) on Wednesday reported fiscal third-quarter net income of $10.9 million.

The Fort Worth-based company said it had net income of 13 cents per share.

The results topped Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share.

The home decor company posted revenue of $472.5 million in the period, which missed Street forecasts. Ten analysts surveyed by Zacks expected $494.6 million.

Pier 1 expects full-year earnings to be 42 cents to 46 cents per share.

Pier 1 shares have fallen 61 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $5.95, a fall of 57 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PIR at http://www.zacks.com/ap/PIR

- Advertisements -
- Advertisements -

Latest News

New Master-Plan 1,000 home community set for Northlake

Taylor Morrison has announced The Ridge at Northlake, a new master-planned community located near Northlake in Denton County...

Mortgage rates tick up to 2.9%, remain at historic lows

By MATT OTT By The Associated Press SILVER SPRING, Md. (AP) — U.S. average rates on long-term mortgages rose...

Mars drops Uncle Ben’s, reveals new name for rice brand

By ALEXANDRA OLSON AP Business WriterNEW YORK (AP) — The Uncle Ben's rice brand is getting a new name: Ben's Original.Parent firm...

Trump says new TikTok headquarters could land in Texas, but questions about the deal remain

By Dan Rosenzweig-Ziff, The Texas Tribune Sept. 22, 2020 "Trump says new TikTok headquarters...

Powell and Mnuchin voice optimism but back more economic aid

By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin...