PriceSmart -10% after bottom line disappoints

|By:, SA News Editor

PriceSmart (PSMT -9.9%) is down sharply in early trading after FQ3 results disappointed.

The company only missed EPS estimates by $0.02, but net income was slightly lower than a year ago as SG&A expenses bit into profitability.

Shares have traded as low as $83.58 this morning, compared to the 52-week trading range of $77.50 to $94.45.

Previously: PriceSmart misses by $0.02, beats on revenue (July 5)

Previously: Sales track higher at PriceSmart (July 5)

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