WASHINGTON (dpa-AFX) - Big Lots Inc. (BIG) announced Loss for its third quarter compared to profit last year, but beat the Street estimates.
The company's bottom line came in at -$4.33 million, or -$0.14 per share. This compares with earnings of $29.91 million, or $0.76 per share, in last year's third quarter.
Analysts on average had expected the company to earn -$0.16 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 2.9% to $1.34 billion from $1.38 billion last year.
Big Lots Inc. earnings at a glance:
-Earnings (Q3): -$4.33 Mln. vs. $29.91 Mln. last year. -EPS (Q3): -$0.14 vs. $0.76 last year. -Analyst Estimate: -$0.16 -Revenue (Q3): $1.34 Bln vs. $1.38 Bln last year.
(corrects to clarify that the company reported loss in Q3 vs profit last year)
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