Market Overview

PriceSmart Shares Slide After Fiscal Q3 Revenue Misses Analyst Estimates

Related PSMT
Top 4 NASDAQ Stocks In The Discount, Variety Stores Industry With The Lowest PEG Ratio (TUES, OLLI, PSMT, DLTR)
Mid-Morning Market Update: Markets Surge; PriceSmart Posts Mixed Results

Shares of PriceSmart Inc. (NASDAQ: PSMT) fell four percent after the close Thursday following fiscal third-quarter sales that fell short of analyst estimates.

The San Diego-based operator of warehouse clubs said revenue for the quarter totaled $615 million, compared with the average analyst estimate of $621.94 million. Revenue for the quarter increased 7.6 percent from the $571.7 million in the year-earlier period.

PriceSmart posted net income of $21.3 million, or $0.70 per share, compared with the average analyst estimate of $0.69 per share.

PriceSmart shares last traded at $83.00.

Posted-In: Earnings News


Related Articles (PSMT)

Get Benzinga's Newsletters