WASHINGTON (dpa-AFX) - Big Lots Inc. (BIG) reported Loss for its first quarter that increased from the same period last year and missed the Street estimates.
The company's earnings totaled -$206.07 million, or -$7.10 per share. This compares with -$11.08 million, or -$0.39 per share, in last year's first quarter.
Excluding items, Big Lots Inc. reported adjusted earnings of -$98.72 million or -$3.40 per share for the period.
Analysts on average had expected the company to earn -$1.77 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 18.2% to $1.12 billion from $1.37 billion last year.
Big Lots Inc. earnings at a glance (GAAP) :
-Earnings (Q1): -$206.07 Mln. vs. -$11.08 Mln. last year.
-EPS (Q1): -$7.10 vs. -$0.39 last year.
-Analyst Estimate: -$1.77
-Revenue (Q1): $1.12 Bln vs. $1.37 Bln last year.
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