Pier 1 Imports Inc. Q4 Earnings Advance 49%

(RTTNews) - Pier 1 Imports Inc. (PIR) announced a profit for its fourth quarter that increased compared to the same period last year.

The company said its bottom line came in at $27.8 million, or $0.34 per share. This was higher than $18.68 million, or $0.23 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.33 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.6% to $528.35 million. This was down from $542.33 million last year.

Pier 1 Imports Inc. earnings at a glance:

-Earnings (Q4): $27.8 Mln. vs. $18.68 Mln. last year. -Earnings Growth (Y-o-Y): 48.8% -EPS (Q4): $0.34 vs. $0.23 last year. -EPS Growth (Y-o-Y): 47.8% -Analysts Estimate: $0.33 -Revenue (Q4): $528.35 Mln vs. $542.33 Mln last year. -Revenue Change (Y-o-Y): -2.6%

-Guidance: Next quarter EPS guidance: ($0.07) - ($0.03) Full year EPS guidance: $0.46 to $0.52