Big Lots: Fiscal 3Q Earnings Snapshot

December 7, 2018

COLUMBUS, Ohio (AP) _ Big Lots Inc. (BIG) on Friday reported a fiscal third-quarter loss of $6.6 million, after reporting a profit in the same period a year earlier.

The Columbus, Ohio-based company said it had a loss of 16 cents per share.

The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.

The discount retailer posted revenue of $1.15 billion in the period, which beat Street forecasts. Five analysts surveyed by Zacks expected $1.14 billion.

Big Lots expects full-year earnings in the range of $3.55 to $3.75 per share.

Big Lots shares have fallen 28 percent since the beginning of the year. The stock has decreased 31 percent in the last 12 months.


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

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