Pricesmart Inc. (PSMT) revealed a profit for its third quarter that increased from last year and beat the Street estimates.
The company's earnings came in at $32.5 million, or $1.08 per share. This compares with $29.6 million, or $0.94 per share, in last year's third quarter.
Excluding items, Pricesmart Inc. reported adjusted earnings of $32.5 million or $1.08 per share for the period.
Analysts on average had expected the company to earn $1.01 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 12.1% to $1.229 billion from $1.096 billion last year.
Pricesmart Inc. earnings at a glance (GAAP) :
-Earnings (Q3): $32.5 Mln. vs. $29.6 Mln. last year.
-EPS (Q3): $1.08 vs. $0.94 last year.
-Revenue (Q3): $1.229 Bln vs. $1.096 Bln last year.
For comments and feedback: editorial@rttnews.com