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Big Lots Inc. Q3 adjusted earnings Beat Estimates

Big Lots Inc. (BIG) reported earnings for third quarter that declined from the same period last year.

The company's earnings came in at $29.91 million, or $0.76 per share. This compares with $126.98 million, or $3.25 per share, in last year's third quarter.

Analysts had expected the company to earn $0.66 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 17.9% to $1.38 billion from $1.17 billion last year.

Big Lots Inc. earnings at a glance:

-EPS (Q3): $0.76 vs. -$0.18 last year.
-Analysts Estimate: $0.66
-Revenue (Q3): $1.38 Bln vs. $1.17 Bln last year.

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