Market Overview

Pier 1 Imports Skyrockets On Strong Results, Dividend

  • Pier 1 Imports Inc (NYSE: PIR) reported Q3 EPS of $0.22, beating the Street’s consensus by $0.10.
  • Revenue of $475.9 million, although down 0.4 percent year-over-year, also came in $9.48 million ahead of expectations.
  • Terry London was appointed as interim president and CEO.
  • Management guided for Q4 EPS of $0.28 to $0.32, above expectations for $0.21 in EPS.
  • For the full year, the company expects EPS of $0.37 to $0.41, versus estimates of $0.26.
  • The Board of Directors declared a $0.07 per share quarterly dividend.
  • Shares traded up more than 18.5 percent to $7.70 on Wednesday’s after-hours session.

Posted-In: Earnings News Guidance Dividends Management After-Hours Center Movers


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