Big Lots Inc. Earnings Rise 22% In Q1

(RTTNews) - Big Lots Inc. (BIG) revealed a profit for its first quarter that rose from last year.

The company said its bottom line rose to $39.95 million, or $0.82 per share. This was up from $32.86 million, or $0.61 per share, in last year's first quarter.

Analysts had expected the company to earn $0.70 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 2.3% to $1.31 billion. This was up from $1.28 billion last year.

Big Lots Inc. earnings at a glance:

-Earnings (Q1): $39.95 Mln. vs. $32.86 Mln. last year. -Earnings Growth (Y-o-Y): 21.6% -EPS (Q1): $0.82 vs. $0.61 last year. -EPS Growth (Y-o-Y): 34.4% -Analysts Estimate: $0.70 -Revenue (Q1): $1.31 Bln vs. $1.28 Bln last year. -Revenue Change (Y-o-Y): 2.3%

-Guidance: Next quarter EPS guidance: $0.42 - $0.47 Full year EPS guidance: $3.35 - $3.50