Pier 1 Imports Inc. Q2 Profit Falls 65%

(RTTNews) - Pier 1 Imports Inc. (PIR) released earnings for second quarter that dropped from last year.

The company said its earnings came in at $3.17 million, or $0.04 per share. This was lower than $9.16 million, or $0.10 per share, in last year's second quarter.

Analysts had expected the company to earn $0.07 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 2.7% to $429.96 million. This was up from $418.62 million last year.

Pier 1 Imports Inc. earnings at a glance:

-Earnings (Q2): $3.17 Mln. vs. $9.16 Mln. last year.
-Earnings Decline (Y-o-Y): -65.4%
-EPS (Q2): $0.04 vs. $0.10 last year.
-EPS Decline (Y-o-Y): -60.0%
-Analysts Estimate: $0.07
-Revenue (Q2): $429.96 Mln vs. $418.62 Mln last year.
-Revenue Change (Y-o-Y): 2.7%

-Guidance:

Next quarter EPS guidance: $0.10 to $0.14
Full year EPS guidance: $0.56 to $0.64