Correction: Big Lots Reports Loss In Q3, But Beats Estimates

Big Lots Inc. (BIG) announced Loss for its third quarter compared to profit last year, but beat the Street estimates.

The company's bottom line came in at -$4.33 million, or -$0.14 per share. This compares with earnings of $29.91 million, or $0.76 per share, in last year's third quarter.

Analysts on average had expected the company to earn -$0.16 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 2.9% to $1.34 billion from $1.38 billion last year.

Big Lots Inc. earnings at a glance:

-Earnings (Q3): -$4.33 Mln. vs. $29.91 Mln. last year.
-EPS (Q3): -$0.14 vs. $0.76 last year.
-Analyst Estimate: -$0.16
-Revenue (Q3): $1.34 Bln vs. $1.38 Bln last year.

(corrects to clarify that the company reported loss in Q3 vs profit last year)

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