Big Lots: Fiscal 3Q Earnings Snapshot
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.