PriceSmart Inc. (PSMT) reported second quarter net income of $0.82 per share after the bell Tuesday, up from $0.67 per share last year. The consensus estimate was for EPS of $0.77.
PriceSmart gapped up Wednesday and has continued to rise in early trade. The stock is currently higher by 5.45 at $85.66. PriceSmart is now challenging resistance at the highs of the year, trading at over a 5-month high.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.