Shares of Big Lots were lower Friday after posting mixed quarterly results. The discount retailer reported earnings of $0.52 a share, which beat Wall Street’s forecasts by six cents. But revenue of $1.2 billion was slightly below analysts’ forecasts. CEO David Campisi said the company was “pleased” to report positive comparable-store sales for the tenth consecutive quarter. Big Lots updated its full-year earnings guidance — it now expects earnings in the range of $3.45 to $3.55, which is higher than its previous outlook. The company also announced a quarterly cash dividend of 21 cents a share.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
