Why PriceSmart (PSMT) Stock Is Down in After-Hours Trading Today

NEW YORK (TheStreet) -- PriceSmart  (PSMT) fell in after-hours trading on Thursday after the membership warehouse clubs operator reported third-quarter earnings that came up short of analysts' expectations.

PriceSmart reported net income of $21.3 million, or 70 cents a share, which edged the consensus estimate of 69 cents a share; however, revenue of $615 million was $9.46 million short of analysts' expectations of $624.46 million.

The stock was down 1.91% to $84.56 at 4:16 p.m.

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