Pier 1 Imports stock drops 14% after Q3 results miss estimates

Shares of Pier 1 Imports (PIR) fell sharply Wednesday after the home decor company slipped to a net loss in the third quarter, hurt mainly by a double-digit decline in revenues. The company also announced the appointment of Cheryl Bachelder as the interim CEO. The Texas-based company reported a net loss of $50.4 million or … Continue reading Pier 1 Imports stock drops 14% after Q3 results miss estimates