Investing.com - Big Lots (NYSE:BIG) reported on Friday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Big Lots announced earnings per share of $1.26 on revenue of $1.44B. Analysts polled by Investing.com anticipated EPS of $0.36 on revenue of $1.31B. That with comparison to EPS of $0.92 on revenue of $1.3B in the same period a year before.Big Lots had reported EPS of $2.39 on revenue of $1.61B in the previous quarter.Analysts are expecting EPS of $0.22 and revenue of $1.27B in the upcoming quarter.
Big Lots shares are up 26.43% from the beginning of the year and are trading at $36.31 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% year to date.
Big Lots shares lost 1.01% in intra-day trade the report.
Big Lots follows other major Services sector earnings this month
Big Lots's report follows an earnings missed by Amazon.com on Thursday, April 30, 2020, who reported EPS of $5.01 on revenue of $75.45B, compared to forecasts EPS of $6.16 on revenue of $73.74B.
Alibaba ADR had beat expectations on Friday, May 22, 2020 with fourth quarter EPS of $9.2 on revenue of $114.31B, compared to forecast for EPS of $6.23 on revenue of $107.71B.
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