PriceSmart Reports Earnings; Beats EPS Estimates by $0.05

On Thursday evening, April 9, 2014,

reported its quarterly report; shares of the company are down two percent or $1.89 per share in after hours trading. After the company reported revenue slightly lower than what analysts had originally expected. PriceSmart reported second quarter earnings per share of $0.93 versus the estimate of $0.88 per share, this beat estimates by $0.05 per share. Earnings per share were up 13 percent from the same period last year. Revenue stood at 674.40 million versus the estimated 675.21 million, sales were up 11 percent year over year. During fiscal 2013, the Company opened its second and third clubs in Colombia. The company has also cited economies as a potential problem as currencies may rise and fall where it does most of its business.