Pep Boys (PBY) reported a third quarter loss of $0.13 per share after the close Monday, compared to the profit of $0.13 per share a year ago. The recent quarter results include a debt refinancing expense of $11.2 million and an asset impairment charge of $8.8 million. The consensus estimate was for EPS of $0.15.
Pep Boys gapped open lower Tuesday and fell in early trade, before settling into a range. The stock closed down by 1.11 at $9.57, with volume at a 6-month low. Pep Boys dropped to a 2-month low and slipped beneath its 50-day moving average.
by RTT Staff Writer
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