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Pier 1 Imports Moves To 1st-quarter Profit
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PIR
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FORT WORTH, Texas (AP) — Pier 1 Imports Inc. moved to a fiscal first-quarter profit Thursday, helped by a hefty gain related to the reduction of some debt. The results easily topped Wall Street's expectations.
The home furnishings company earned $29.3 million, or 32 cents per share, for the quarter. It lost $32.8 million, or 37 cents per share, in the prior-year period.
Analysts predicted a loss of 36 cents per share, according to a Thomson Reuters survey. Analysts' estimates typically exclude one-time items. ...
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