Pier 1 Imports Q3 Beats on Top, Bottom Lines

Shares of Pier 1 Imports popped after it reported third-quarter earnings of $0.17 a share, beating Wall Street's projection of $0.13 a share.
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Pier 1 Imports  (PIR) - Get Report reported third-quarter earnings of $0.17 a share, beating Wall Street's projection of $0.13. Revenue for the furniture-seller came in at $475.9 million topping analysts' estimate of $466.4 million. Comparable sales increased 1.8% while e-commerce sales grew 28% to $97.4 million, or about 20% of net sales. Pier 1 also announced that Chairman Terry London will serve as Interim President and CEO once current CEO Alex Smith leaves on January 1st.