Big Lots profit beats estimates, shares rise

March 7 (Reuters) - Close-out retailer Big Lots Inc reported a better-than-expected profit for the holiday quarter, sending its shares up as much as 13 percent in premarket trading.

The company reported adjusted earnings of $1.45 per share from continuing U.S. operations. Analysts on average had expected $1.40 per share, according to Thomson Reuters I/B/E/S.

(Reporting by Aditi Shrivastava in Bangalore; Editing by Kirti Pandey)