FORT WORTH (AP) – Pier 1 Imports Inc. has reported net income of $9.2 million in its fiscal second quarter.
The Fort Worth-based company said Wednesday that it had a profit of 10 cents per share.READ MORE: Resale Shop Benefitting SafeHaven Domestic Violence Survivors Closed Following 'Significant' Burglary
The results missed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.
The home decor company posted revenue of $418.6 million in the period, which also did not hit Street forecasts. Analysts expected $427.3 million, according to Zacks.
Pier 1 shares have decreased 32 percent since the beginning of the year.READ MORE: Little Elm High School Students, Parents Asked To Attend Listening Session Following Protests About Sexual Assault Allegation
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