PriceSmart, Inc. PSMT offered investors mixed second-quarter results in Thursday's after-hours session. The Street is focusing on a bottom-line result, which came up shy of expectations, and has driven the stock down by nearly 4 percent.
The company said quarterly earnings rose by about a modest $0.03 to $0.85, but missed the analyst consensus estimate of $0.88.
Sales totaled $777.9 million, up about 4 percent, and better than the $775 million sell-side analysts were anticipating. PriceSmart said comparable net warehouse clubs sales fell 5.4 percent from the second quarter of 2015.
Shares of PriceSmart last traded at $79.32, down 3.8 percent.
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