Pep Boys (PBY) said Monday after the bell that earnings rose about 10%, to $12 million, or $0.23 per share, vs. $10.9 million, or $0.21 per share, in the same quarter last year.
The auto parts supply store said revenue was up 2.7%, to $510 million, on same-store sales up 1.4%.
Results fell short of analyst expectations.
Also late yesterday, ladies clothing retailer New York & Company (NYSE:NWY) said it is now expecting its second quarter loss to widen from previous expectations of May 20. At that time, it had said it expected a wider loss than the second quarter of last year, which totaled $0.08 per share.
The company has not specified how much wider the loss will be.
New York & Company said it is expecting same-store sales to be flat, vs. its previous projection for an increase, and said merchandise margins could fall 9%. It will report full results during the week of August 16.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.