COLUMBUS, Ohio (AP) — COLUMBUS, Ohio (AP) — Big Lots Inc. (BIG) on Thursday reported a loss of $205 million in its fiscal first quarter.
On a per-share basis, the Columbus, Ohio-based company said it had a loss of $6.99. Losses, adjusted for asset impairment costs and non-recurring costs, were $4.51 per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of $4.23 per share.
The discount retailer posted revenue of $1.01 billion in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $1.04 billion.
The company’s shares closed at $3.52. A year ago, they were trading at $5.90.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BIG at https://www.zacks.com/ap/BIG
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