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Big Lots Q1 adjusted earnings beat estimates

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Christian Fernsby |
Big Lots
Big Lots   The company's earnings were $15.54 million, or $0.39 per share

Big Lots revealed earnings for first quarter that fell from the same period last year.

The company's earnings were $15.54 million, or $0.39 per share. This compares with $31.24 million, or $0.74 per share, in last year's first quarter.

Excluding items, Big Lots Inc. reported adjusted earnings of $36.99 million or $0.92 per share for the period.

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

The company's revenue for the quarter rose 2.4% to $1.30 billion from $1.27 billion last year.

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