Big Lots Inc. Profit Climbs 11% In Q2

(RTTNews) - Big Lots Inc. (BIG) revealed earnings for its second quarter that advanced compared to the same period last year.

The company said its bottom line climbed to $23.38 million, or $0.52 per share. This was up from $21.06 million, or $0.41 per share, in last year's second quarter.

Analysts had expected the company to earn $0.46 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 0.8% to $1.20 billion. This was down from $1.21 billion last year.

Big Lots Inc. earnings at a glance:

-Earnings (Q2): $23.38 Mln. vs. $21.06 Mln. last year. -Earnings Growth (Y-o-Y): 11.0% -EPS (Q2): $0.52 vs. $0.41 last year. -EPS Growth (Y-o-Y): 26.8% -Analysts Estimate: $0.46 -Revenue (Q2): $1.20 Bln vs. $1.21 Bln last year. -Revenue Change (Y-o-Y): -0.8%