Big Lots: Fiscal Q2 Earnings Snapshot
COLUMBUS, Ohio (AP) — COLUMBUS, Ohio (AP) — Big Lots Inc. (BIG) on Tuesday reported a loss of $249.8 million in its fiscal second quarter.
The Columbus, Ohio-based company said it had a loss of $8.56 per share. Losses, adjusted for pretax expenses and non-recurring costs, came to $3.24 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of $4.15 per share.
The discount retailer posted revenue of $1.14 billion in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $1.1 billion.
Big Lots shares have declined 57% since the beginning of the year. The stock has declined 71% in the last 12 months.
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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
