COLUMBUS, Ohio (AP) _ Big Lots Inc. (BIG) on Friday reported fiscal third-quarter earnings of $4.4 million.
The Columbus, Ohio-based company said it had profit of 10 cents per share. Earnings, adjusted for non-recurring gains, were 6 cents per share.
The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.
The discount retailer posted revenue of $1.11 billion in the period, missing Street forecasts. Seven analysts surveyed by Zacks expected $1.12 billion.
For the current quarter ending in January, Big Lots expects its per-share earnings to range from $2.35 to $2.40. Analysts surveyed by Zacks had forecast adjusted earnings per share of $2.37.
The company expects full-year earnings in the range of $4.23 to $4.28 per share.
Big Lots shares have increased 18 percent since the beginning of the year. The stock has increased 17 percent in the last 12 months.