Big Lots Earnings: Here’s Why Investors Like These Results
Big Lots Inc. (NYSE:BIG) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 1.33%.
Big Lots Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 13.89% to $0.31 in the quarter versus EPS of $0.36 in the year-earlier quarter.
Revenue: Rose 0.62% to $1.23 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Big Lots Inc. reported adjusted EPS income of $0.31 per share. By that measure, the company beat the mean analyst estimate of $0.24. It missed the average revenue estimate of $1.23 billion.
Key Stats (on next page)…