AP NEWS

Pier 1: Fiscal 3Q Earnings Snapshot

January 6, 2020 GMT

FORT WORTH, Texas (AP) _ Pier 1 Imports Inc. (PIR) on Monday reported a loss of $59 million in its fiscal third quarter.

On a per-share basis, the Fort Worth, Texas-based company said it had a loss of $14.15. Losses, adjusted for asset impairment costs, came to $10.77 per share.

The home decor company posted revenue of $358.4 million in the period.

Pier 1 shares have fallen 19% since the beginning of the year. In the final minutes of trading on Monday, shares hit $5.18, a decrease of 40% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PIR at https://www.zacks.com/ap/PIR