Big Lots Inc. Q2 Profit Retreats

Big Lots Inc. (BIG) revealed earnings for second quarter that dropped from the same period last year.

The company’s bottom line totaled $24.16 million, or $0.59 per share. This compares with $29.12 million, or $0.67 per share, in last year’s second quarter.

Analysts had expected the company to earn $0.67 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

Revenue held steady at $1.22 billion

Big Lots Inc. earnings at a glance:

-Earnings (Q2): $24.16 Mln. vs. $29.12 Mln. last year.
-EPS (Q2): $0.59 vs. $0.67 last year.
-Analysts Estimate: $0.67
-Revenue (Q2): $1.22 Bln vs. $1.22 Bln last year.

-Guidance:
Full year EPS guidance: $4.40 to $4.55

by RTTNews Staff Writer

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