Big Lots (BIG) PT Lowered to $13 at Deutsche Bank
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Big Lots (BIG) drops on 'soft' Q3 results
December 1, 2022 12:02 PM ESTBig Lots (NYSE: BIG) shares tumbled over 11% on Thursday after the company reported its third-quarter earnings.
The company reported a smaller-than-expected loss of $2.99 per share, $0.05 better than the analyst estimate of a loss of $3.04 per share, while revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.21 billion.
Net sales for the third quarter decreased by 9.8% compared to $1.336 billion for the same period last year, driven by a comparable sales decline of... More
Big Lots (BIG) Post Modestly Smaller-than-Expected Loss in Q3
December 1, 2022 6:33 AM ESTBig Lots (NYSE: BIG) reported Q3 EPS of ($2.99), $0.05 better than the analyst estimate of ($3.04). Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.21 billion.
GUIDANCE:
For the fourth quarter, the company expects comps to... More
