Big Lots Inc. (BIG) revealed Loss for its fourth quarter that increased from the same period last year and missed the Street estimates.
The company's bottom line came in at -$30.71 million, or -$1.05 per share. This compares with -$12.46 million, or -$0.43 per share, in last year's fourth quarter.
Excluding items, Big Lots Inc. reported adjusted earnings of -$8.28 million or -$0.28 per share for the period.
Analysts on average had expected the company to earn -$0.23 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 7.1% to $1.43 billion from $1.54 billion last year.
Big Lots Inc. earnings at a glance (GAAP) :
-Earnings (Q4): -$30.71 Mln. vs. -$12.46 Mln. last year.
-EPS (Q4): -$1.05 vs. -$0.43 last year.
-Revenue (Q4): $1.43 Bln vs. $1.54 Bln last year.
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