Big Losts Smaller Today (BIG)

Shares of Big Lots, Inc. BIG are down more than 3% this morning after the company cut its outlook and missed earnings estimates. For the third quarter, Big Lots reported earnings of 23 cents a share, 1 cent shy of estimates. Revenue came in at $1.06 billion. The company also cut its outlook for the fourth quarter, saying it expects to earn $1.36-$1.42 a share, lower than its prior outlook of $1.41-$1.45 a share. At last check, shares of BIG were off $1.13 to $29.96.