Pier 1 Imports Inc. (PIR) reported third quarter EPS of $0.09 after the bell Wednesday, down from $0.22 in the previous year. The consensus estimate was for EPS of $0.11.
Pier 1 Imports gapped open sharply lower Thursday and fell during the first 45 minutes of trade. Shares of the retailer were range-bound for the rest of the session and closed down by 1.72 at $4.12 on the highest volume of the year. The stock sank to over a 1-month low.
by RTT Staff Writer
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