99 Cents Only Stores (NDN) posted a second quarter profit of $9.6 million or $0.14 per share, compared to a loss of $9.4 million or $0.13 per share in the prior year period.
On average, 12 analysts polled by Thomson Reuters expected the company to report earnings of $0.08 per share. Analysts' estimates typically exclude special items.
Net consolidated sales for the second quarter were $324.7 million, compared to $317.8 million in the year-ago period. Same-store sales for the second quarter of fiscal 2010 increased 2.3%.
Ten Wall Street analysts expected revenues of $323.82 million for the quarter.
Looking forward, for the third quarter of fiscal 2010, the company expects positive same-store sales in the low single digits.
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