Pricesmart Inc. (PSMT) released a profit for its first quarter that increased from last year and beat the Street estimates.
The company's earnings totaled $38.4 million, or $1.24 per share. This compares with $32.9 million, or $1.05 per share, in last year's first quarter.
Analysts on average had expected the company to earn $1.09 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 11.4% to $1.17 billion from $1.05 billion last year.
Pricesmart Inc. earnings at a glance (GAAP) :
-Earnings (Q1): $38.4 Mln. vs. $32.9 Mln. last year.
-EPS (Q1): $1.24 vs. $1.05 last year.
-Analyst Estimate: $1.09
-Revenue (Q1): $1.17 Bln vs. $1.05 Bln last year.
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