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PriceSmart shares dip as revenue falls short of Street view

Wallace Witkowski

PriceSmart Inc. shares slipped in the extended session Tuesday after the warehouse club chain's quarterly revenue fell short of Wall Street estimates. PriceSmart shares declined 2.4% after hours, following a 1% decline to close the regular session at $59.60. The company reported fiscal second-quarter net income of $23.7 million, or 79 cents a share, compared with $14.1 million, or 47 cents a share, in the year-ago period. Revenue rose to $854.4 million from $839.6 million in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of 79 cents a share on revenue of $856.7 million.