Pier 1 Imports Inc. (NYSE: PIR) disappointed with lower first quarter earnings of 16 cents per share compared with 19 cents per share in the year ago period that missed expectations and cut its full year earnings forecast. Shares of the home furnishings retailer plunged $2.40 to close at $15.86.
Pier 1 disappoints
June 19, 2014 at 17:50 PM EDT
