PriceSmart Shares Slide After Fiscal Q3 Revenue Misses Analyst Estimates
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.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.