Pep Boys surprises Wall Street with net profit for fiscal Q1
The Pep Boys - Manny, Moe & Jack (NYSE:PBY) has a bit more pep in its step this morning after the automotive aftermarket retail and service chain reported a net profit for its fiscal first quarter, while analysts were expecting a loss. Sales fell 5% from the year-ago quarter, but still managed to beat the consensus on Wall Street.
Shares edged up 3%, or $0.28, to $9.01 ahead of the opening bell. For detailed price information and recent news stories about The Pep Boys, click PBY.
