Big Lots jumps 5% after posting third-quarter profit
Big Lots, Inc. (BIG) is up 5.4% Friday morning. The stock is moving higher following the company’s third-quarter earnings report. The discount retailer posted Q3 earnings of 4 cents per share, adjusted for one-time gains and losses. Analysts had expected the company to report a loss for the quarter of two cents per share. Revenue of $1.11 billion fell slightly short of the $1.12 billion consensus.
Big Lots, Inc. (BIG) is a discount retailer.
Five Below, Inc. (FIVE) and Gencor Industries, Inc. (GENC) top the list of other companies with positive news today, while Smith & Wesson Holding Corporation (SWHC) and Workday, Inc. (WDAY) top the list of companies with negative news.
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About Big Lots Inc.
Big Lots Inc is a U.S.-based company principally engaged in operating discount retail stores. The company provides a broad range of merchandise, including food, consumables, soft home products, hard home products, furniture, electronics and accessories, and seasonal products. The company sources the merchandise from traditional and close-out channels. In addition to merchandise, the company sells gift cards, issues merchandise credits, and more. The company operates stores throughout the United States, with around one third of its stores in California, Texas, Ohio, and Florida.