Big Lots Inc. Q1 adjusted earnings

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

The company's earnings totaled $49.32 million, or $1.26 per share. This compares with $15.54 million, or $0.39 per share, in last year's first quarter.

Analysts had expected the company to earn $0.32 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.8% to $1.44 billion from $1.30 billion last year.

Big Lots Inc. earnings at a glance:

-Analysts Estimate: $0.32 -Revenue (Q1): $1.44 Bln vs. $1.30 Bln last year.