NEW YORK (TheStreet) -- Shares of Big Lots (BIG) are lower by -1.76% to $46.37 in early market trading as the discount retailer raised the bottom end of its earnings guidance for the full year to a range of $2.40 to $2.50 after posting fiscal second quarter profit of 31 cents per share, above the analyst estimates of 30 cents.
For the second quarter, the discount retail giant reported net sales of $1.2 billion, up 1.2% from the same quarter of last year, but lower than what analysts polled by Thomson Reuters expected of slightly more than $1.2 billion.
The company also announced a $125 million share repurchase program.
- You can view the full analysis from the report here: BIG Ratings Report
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