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Sergey Savastiouk's Avatar
published in Blogs
Aug 31, 2019
TickeronGET DAILY SIGNALS

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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