Pep Boys ó 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.
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.
ValueForum will expose you to a wealth of ideas and sectors,
Launch related slideshow:
Wednesday 5/22 Insider Buying Report: SBY, CUBI
Wednesday 5/22 Insider Buying Report: CHK
Tuesday 5/21 Insider Buying Report: APA, AIG
Daily Wrap: May 22, 2013
Lowe's Misses in Q1; Maintains Full-Year Guidance
Target Shares Slip Following Revised Guidance
Analyst Moves: NTAP, MDC, PXD
Analyst Moves: WETF, TJX, TDW
Analyst Moves: AZO, MDT, T
Wednesday Sector Leaders: Homebuilders, Precious Metals
Wednesday Sector Laggards: Education & Training Services, Shipping Stocks
Tuesday Sector Leaders: Shipping, Education & Training Services
Wednesday's ETF with Unusual Volume: PBD
Wednesday's ETF Movers: AXFN, ICLN
GLD, JUNR: Big ETF Outflows
Daily Dividend Report: NTAP, ADI, BBY, TAP, CHSP
Daily Dividend Report: APA, KRFT, INTU, OMC, MTB
Daily Dividend Report: XRX, DGX, DKS, UVV, AWR
Initial Jobless Claims Jump by 32k
Jobless Claims Fall to Five Year Low
Hiring Picture Improves In April
Weekly Market Wrap: May 17, 2013
Weekly Market Wrap: May 10, 2013
Weekly Market Wrap: May 3, 2013
Week Ahead Market Report: May 13, 2013
Week Ahead Market Report: May 6, 2013
Week Ahead Market Report: April 29, 2013