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Big Lots Rallies Big After Earnings

Investing.com

Investing.com - Retailer Big Lots (NYSE:BIG) stood out on amid a big market rally Friday after its latest results reassured investors that the company was on the right track.

Shares of Big Lots (NYSE:BIG) soared 26% in midday trading.

The company reported a fiscal third-quarter loss of 18 cents per share, compared with forecasts for a loss of 20 cents per share, according to estimates compiled by Investing.com. Sales of $1.17 billion were slightly better than the $1.16 billion forecast.

Same-store sales were down 0.1%, compared with forecasts for flat.

Big Lots (NYSE:BIG) guided fiscal fourth-quarter earnings in line with what Wall Street is looking for, with same-store sales slightly higher.

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