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Hibbett Sports Inc. Q1 adjusted earnings Beat Estimates

Hibbett Sports Inc. (HIBB) released a profit for its first quarter that increased from last year.

The company's bottom line totaled $27.42 million, or $1.48 per share. This compares with $21.51 million, or $1.12 per share, in last year's first quarter.

Excluding items, Hibbett Sports Inc. reported adjusted earnings of $29.79 million or $1.61 per share for the period.

Analysts had expected the company to earn $1.32 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 25.0% to $343.30 million from $274.71 million last year.

Hibbett Sports Inc. earnings at a glance:

-Earnings (Q1): $29.79 Mln. vs. . last year.
-Analysts Estimate: $1.32
-Revenue (Q1): $343.30 Mln vs. $274.71 Mln last year.

Full year EPS guidance: $2.00 - $2.15

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