PriceSmart (PSMT) Posts Quarterly Results
PriceSmart (NASDAQ:PSMT) posted its quarterly earnings results on Wednesday. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.03, American Banking and Market News reports. The company had revenue of $568.00 million for the quarter, compared to the consensus estimate of $586.61 million. During the same quarter in the previous year, the company posted $0.58 earnings per share. The company’s revenue for the quarter was up 13.6% on a year-over-year basis.
Shares of PriceSmart (NASDAQ:PSMT) traded down 2.12% on Wednesday, hitting $101.53. 90,565 shares of the company’s stock traded hands. PriceSmart has a one year low of $70.02 and a one year high of $93.83. The stock’s 50-day moving average is $88.42 and its 200-day moving average is $85.52. The company has a market cap of $3.006 billion and a price-to-earnings ratio of 38.86.
PriceSmart, Inc (NASDAQ:PSMT) business consists primarily of international membership shopping warehouse clubs similar to warehouse clubs in the United States.
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