UPDATE: Pier 1 Posts 13% Rise In Q3 Profit, Lowers Earnings Outlook

Pier 1 Imports (NYSE: PIR ) reported a 13% rise in its fiscal third-quarter profit. Pier 1 lowered its full-year earnings forecast to $1.21 to $1.27 per share, versus its earlier outlook of $1.23 to $1.29 per share. Pier 1's quarterly profit surged to $26.8 million, or $0.26 per