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Why is Pricesmart Inc (PSMT) Stock down?
We've noticed a 6.98% decline in Pricesmart Inc (PSMT) stock during the 2024-10-31 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
31 Oct, 2023:
PriceSmart, Inc. Stock (PSMT) dropped by 12.81% from $71.67 to $62.49 in the trading on Tuesday October 31, 2023. The reason why PSMT stock down today is due to Earnings Miss. PriceSmart reported Q4 GAAP EPS of $0.49 misses by $0.32. On the revenue line, the company reported $1.1 billion, beating estimates by $18 million. In the same quarter a year ago, the company earned $0.75 per share on revenue of $1 billion.
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