Pep Boys Reports 3Q Loss
Pep Boys-Manny Moe & Jack on Monday reported a loss of $2 million in its fiscal third quarter.
The Philadelphia-based company said it had a loss of 3 cents per share. Losses, adjusted for severance costs and asset-impairment costs, came to 1 cent per share.
The results missed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.
The auto-repair chain posted revenue of $517.6 million in the period.
In trading Monday, shares dropped 32 cents to $9.36, a decline of 30 percent in the last 12 months.
This article appeared in print in edition of Hamodia.
To Read The Full Story
Are you already a subscriber?
Click "Sign In" to log in!
Become a Web Subscriber
Click “Subscribe” below to begin the process of becoming a new subscriber.
Become a Print + Web Subscriber
Click “Subscribe” below to begin the process of becoming a new subscriber.
Renew Print + Web Subscription
Click “Renew Subscription” below to begin the process of renewing your subscription.
