Dec 17 · 11:08:00 AM · Source: Company News

Pier 1 said Thursday that its fiscal third quarter net income was $39 million, or 37 cents a share, compared with a year-earlier loss of $37 million, or 41 cents a share. Excluding items, the company's profit was 2 cents a share. Sales rose 8.7 percent to $327.1 million. Sales at stores open at least a year rose 13.7 percent.
The profit was a surprise, as analysts had been expecting a loss of 5 cents.

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by Larry Etter