Hibbett Inc. (HIBB) released a profit for first quarter that decreased from last year but beat the Street estimates.
The company's earnings totaled $32.500 million, or $2.67 per share. This compares with $35.875 million, or $2.74 per share, in last year's first quarter.
Analysts on average had expected the company to earn $2.63 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 1.8% to $447.163 million from $455.497 million last year.
Hibbett Inc. earnings at a glance (GAAP) :
-Earnings (Q1): $32.500 Mln. vs. $35.875 Mln. last year.
-EPS (Q1): $2.67 vs. $2.74 last year.
-Revenue (Q1): $447.163 Mln vs. $455.497 Mln last year.
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