Big Lots Falls After Disappointing Earnings Report

Filed under: Earnings Reports, Wal-Mart (WMT), Target Corp. (TGT)

Big Lots (BIG), a retailer whose colleagues include Target (TGT) and Walmart (WMT), was feeling the wrath of the sellers on Friday. The stock closed down 5% to $29.50. Volume was above the norm.

According to Briefing.com, the company made 23 cents per share in the third quarter. Unfortunately, that was one penny below the overall forecast. In addition, guidance for Q4 wasn't too striking, and same-store sales experienced only slight growth.

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Big Lots Falls After Disappointing Earnings Report originally appeared on BloggingStocks on Sat, 04 Dec 2010 11:40:00 EST. Please see our terms for use of feeds.

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