Big Lots: Fiscal Q3 Earnings Snapshot
COLUMBUS, Ohio (AP) — COLUMBUS, Ohio (AP) — Big Lots Inc. (BIG) on Thursday reported fiscal third-quarter net income of $4.7 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Columbus, Ohio-based company said it had net income of 16 cents. Losses, adjusted for non-recurring gains, came to $4.38 per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of $4.71 per share.
The discount retailer posted revenue of $1.03 billion in the period, matching Street forecasts.
The company's shares closed at $4.80. A year ago, they were trading at $19.22.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BIG at https://www.zacks.com/ap/BIG