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Pep Boys Announces Earnings
Tuesday, December 4, 4:26 PM ET

Pep Boys Manny, Moe & Jack (NYSE:PBY) shares were lower after the company announced a loss due to increased costs and lower sales.

The company lost $6.8 million, or 13 cents per share, versus earning $7 million, or 13 cents per share, in the same quarter last year. Included in results were an $11.2 million expense for debt refinancing, as well as 8.8 million impairment charge. Revenue fell by 2.4 percent to $509.6 million. Analysts had expected a profit of 15 cents per share on revenue of $527.8 million.

Shares are lower by over 13.7 percent.

Rival AutoZone also announced results today, earning $203.5 million, or $5.41 per share.

For MarketNewsVideo.com, I'm Sayoko Murase.

Pep Boys Announces Earnings picture
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Pep Boys Announces Earnings | Market News Video | Copyright © 2008 - 2014, All Rights Reserved

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