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PriceSmart Q3 net income misses expectations
San Diego -- Warehouse club operator PriceSmart reported Thursday that profit for the quarter ended May 31 rose 18% to $18.5 million, compared with $15.7 million in the year-ago period but missing Wall Street estimates.
Revenue rose 13% to $571.7 million, beating analysts’ expected $568.6 million in sales. Same-store sales rose 9.7%. -
CBRE makes two research appointments
Los Angeles -- CBRE Group Inc. has made two research appointments.
First, Nick Axford, Ph.D., will move up to Global Head of Research, a new position, from CBRE’s Asia Pacific business unit. He will manage global research efforts, establish strategies that support CBRE objectives and serve as a resource for clients on global commercial real estate trends.
In addition, Raymond Torto, Ph.D. will become global chairman of CBRE Research. He will analyze market trends for clients.