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Why Pier 1 Imports Inc Stock Was Tanking Today

TheMotleyFool

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Why Pier 1 Imports Inc Stock Was Tanking Today

Shares of Pier 1 Imports (NYSE: PIR) were tumbling Thursday after the home-furnishings retailer released an underwhelming third-quarter earnings report, missing earnings estimates and lowering its guidance for the year.

As of 11:05 a.m. EST, the stock was down 30.9%.

Image source: Getty Images.

Source: Fool.com