PriceSmart Earnings: Here’s Why Shares are Down Now
PriceSmart Inc. (NASDAQ:PSMT) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 1.78%.
PriceSmart Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 17.31% to $0.61 in the quarter versus EPS of $0.52 in the year-earlier quarter.
Revenue: Rose 12.81% to $571.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: PriceSmart Inc. reported adjusted EPS income of $0.61 per share. By that measure, the company missed the mean analyst estimate of $0.64. It beat the average revenue estimate of $568.33 million.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…