Traffic Lifts Pier 1's 2Q Profit

September 14, 2011  by in UnCategorized   

By Aggregated Content in Financial Reports on September 15, 2011 from http://c.moreover.com/click/here.pl?z5201124745&z=1250249032 FORT WORTH, Texas €” Pier 1 Imports Inc.'s fiscal second-quarter net income rose 15 percent, as traffic increased and shoppers spent more. While economic conditions are uncertain, the home décor company said Thursday that it expects a successful fall and holiday season. Pier 1 earned $16.6 million, or 14 cents per share, in the quarter compared with $14.4 million, or 12 cents per share, a year earlier. This met the expectations of analysts polled by FactSet. Revenue for the three months ended Aug. 27 climbed 10 percent to $339.6 million from $309.9 million, topping Wall Street's forecast of $333.6

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