A Pier 1 Imports sign in San Francisco. Bloomberg News photo by David Paul Morris).
Associated Press
FORT WORTH, Texas (AP) _ Pier 1 Imports Inc. (PIR) on Wednesday reported fiscal first-quarter net income of $6.9 million.
The Fort Worth, Texas-based company said it had profit of 8 cents per share.
The results met Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was also for earnings of 8 cents per share.
The home decor company posted revenue of $432 million in the period, which missed Street forecasts. Nine analysts surveyed by Zacks expected $434.1 million.
Pier 1 expects full-year earnings to be 83 cents to 87 cents per share.