Fred's, Inc. (FRED) Tops Q2 EPS by 1c; Guides Q3, FY11

August 25, 2011 7:46 AM EDT
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Fred's, Inc. (NASDAQ: FRED) reported Q2 EPS of $0.14, $0.01 better than the analyst estimate of $0.13. Revenue for the quarter came in at $452.7 million versus the consensus estimate of $456.43 million.

Sees Q3 2011 EPS of $0.21-$0.23, versus the consensus of $0.21.

Sees FY2011 EPS of $0.83-$0.88, versus the consensus of $0.83. The company had previously forecast EPS of $0.84-$0.90.

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