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PriceSmart shares fall on earnings miss

PriceSmart Inc. PSMT, +2.24% stocks fell within the prolonged consultation Thursday after the warehouse membership's quarterly profits missed Wall Street estimates. PriceSmart stocks dropped 6% after hours, following a 2.2% achieve to close the common consultation at $93.40. The company reported fiscal third-quarter internet source of revenue of $18.7 million, or 61 cents a share, when compared with $18.eight million, or 62 cents a share, within the year-ago duration. Revenue rose to $782.2 million from $730.three million within the year-ago duration. Analysts surveyed by means of FactSet had estimated profits of 63 cents a share on earnings of $777.1 million.