Big Lots (BIG) Beats Estimates, Raises Guidance

Retailer Big Lots Inc BIG on Thursday morning released financial results that beat Wall Street earnings estimates 1 cent. Big Lots Inc reported that is 1st quarter earnings climbed to $55.9 million, or 68 cents per share, up from $36.3 million, or 44 cents per share, a year earlier. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 67 cents per share per share. Big Lots Inc increased its full-year forecast of earnings from continuing operations to a range of $2.75 to $2.85 per share.