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Pricesmart Net Fall but Revenue Soars

Author: Mukesh Buch
Last Update: 1:02 PM EDT July 06 2018

11:45 PM New York Pricesmart third-quarter net fell 0.5% to $18.7 million and revenues soared 7.1% to $751 million.

Tollbooth Index jumped 181.13 or 1.2% to 15,102.79 but for the year-to-date soared 9.8%.

Earnings Review

Pricesmart Inc (PSMT), the membership shopping warehouse operator reported total revenues in the third-quarter ending in May soared 7.1% from a year ago to $750.5 million.

Net income in the quarter fell 0.5% to $18.7 million or 61 cents per diluted share from $18.8 million or 62 cents in the same quarter last year.

Silicon Motion Technology Corp (SIMO), the semiconductors maker estimated preliminary revenues in the second-quarter at the midpoint from the original guidance range of $134.3 million to $140.8 million and gross margin is expected near the midpoint of the original guidance of 46.5% to 48.5%.
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc