Wednesday, December 1, 2021
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Pier 1 meets 1Q net income expectations, misses revenue forecasts

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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.

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