HARRISBURG, Pa. (AP) — HARRISBURG, Pa. (AP) — Ollie’s Bargain Outlet Holdings Inc. (OLLI) on Thursday reported fiscal second-quarter earnings of $49 million.
The Harrisburg, Pennsylvania-based company said it had profit of 79 cents per share. Earnings, adjusted for pretax gains, were 78 cents per share.
The results matched Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of 78 cents per share.
The retailer posted revenue of $578.4 million in the period, which beat Street forecasts. Six analysts surveyed by Zacks expected $562.4 million.
Ollie’s Bargain Outlet expects full-year earnings in the range of $3.22 to $3.30 per share, with revenue in the range of $2.28 billion to $2.29 billion.
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