PriceSmart Getting Beat After Reporting Downbeat Earnings

PriceSmart, Inc. (Public, NASDAQ:

) is trading lower on the session after the company announced worse than expected first quarter earnings. The company reported Q1 EPS of $0.47 vs $0.58 estimate and revenues of $468.30 million vs $472.08 million. The stock is currently testing its 200-day moving average support level and trading at $57.45, down 13.13 or -18.60%.