This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Shares Of Big 5 Increase On Strong Q3 Earnings

PORTLAND, Ore. (AP) ¿ Shares of Big 5 Sporting Goods Corp. rose Wednesday after the specialty retailer said its profit rose 80 percent in the third quarter.

Big 5, which is based in El Segundo, Calif., reported late Tuesday that it had been better managing its inventory and seen stronger sales during the quarter.

The sporting goods retailer earned $8 million, or 37 cents per share for the quarter. That's up from $4.5 million, or 21 cents per share, it earned in the same quarter last year.

The results beat analyst estimates of 33 cents per share for the quarter.

Revenue rose 4 percent to $231.6 million, in line with analyst estimates as polled by Thomson Reuters.

Stifel Nicolaus & Co. analyst David Shick said in a note to investors that the company is showing the impact of more stable business trends. He maintained a "hold " rating on the company given its opportunity for some sales growth is tempered by some competitive threats in its niche.

Shares of Big 5 rose 73 cents, or 4.7 percent, to $16.23 in afternoon trading Wednesday.

Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
BGFV $13.69 0.00%
AAPL $128.95 0.00%
FB $78.99 0.00%
GOOG $537.90 0.00%
TSLA $226.03 0.00%


DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs