Big Lots: Fiscal Q2 Earnings Snapshot
COLUMBUS, Ohio (AP) _ Big Lots Inc. (BIG) on Friday reported fiscal second-quarter net income of $37.7 million.
The Columbus, Ohio-based company said it had profit of $1.09 per share.
The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.13 per share.
The discount retailer posted revenue of $1.46 billion in the period, also missing Street forecasts. Five analysts surveyed by Zacks expected $1.47 billion.
Big Lots expects full-year earnings to be $5.90 to $6.05 per share.
Big Lots shares have climbed 24% since the beginning of the year. The stock has dropped almost 5% in the last 12 months.
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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