Pier 1 Imports Inc. Reports 39% Fall In Q3 Bottom Line

(RTTNews) - Pier 1 Imports Inc. (PIR) reported earnings for third quarter that lost ground from last year.

The company said its profit totaled $10.92 million, or $0.13 per share. This was lower than $17.86 million, or $0.20 per share, in last year's third quarter.

Analysts had expected the company to earn $0.12 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.5% to $472.55 million. This was down from $484.50 million last year.

Pier 1 Imports Inc. earnings at a glance:

-Earnings (Q3): $10.92 Mln. vs. $17.86 Mln. last year. -Earnings Decline (Y-o-Y): -38.9% -EPS (Q3): $0.13 vs. $0.20 last year. -EPS Decline (Y-o-Y): -35.0% -Analysts Estimate: $0.12 -Revenue (Q3): $472.55 Mln vs. $484.50 Mln last year. -Revenue Change (Y-o-Y): -2.5%

-Guidance: Next quarter EPS guidance: $0.18 - $0.22 Full year EPS guidance: $0.42 - $0.46