Pier 1: Fiscal 3Q Earnings Snapshot
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.