Big Lots' (BIG, $22.74) Q2 earnings exceed expectations

Recently Big Lots reported its second quarter earnings, which turned out to be higher than analysts’ expectations.

 The retail company’s adjusted earnings for the quarter came in at  53 cents a share, beating analysts’ estimate of 40 cents. However, the EPS was lower compared to the year-ago quarter’s  59 cents.

Revenue of $1.25 billion matched the Street expectations, while rising above the year-ago quarter’s $1.22 billion.

For the full-year, the company reiterated its outlook on earnings range, i.e. $3.70 to $3.85 a share. Analysts were expecting $3.76.

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Sergey Savastiouk|Expert

Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.