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 April 30, 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 May 22 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.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar