BJ's Wholesale Club's
rose 6% Tuesday after third-quarter numbers beat Wall Street estimates.
The warehouse club retailer earned $18.3 million, or 28 cents a share, in the quarter, including 4 cents a share of stock options expense, compared with $27.8 million, or 41 cents a share, a year ago. Analysts surveyed by Thomson First Call were expecting earnings of 26 cents a share in the most recent quarter.
Third-quarter revenue rose 3% to $2.02 billion. Analysts were expecting revenue of $2.03 billion.
Comparable club sales rose 0.1% during the quarter, including a negative impact from gasoline sales of about 0.6%.
Net sales increased 2.9% to $1.98 billion and membership fees increased 5.9% to $44.6 million.
During the third quarter, the company repurchased around 1 million shares at an average price of $27.15 a share.
Shares rose $1.67 Tuesday to $30.28.
This story was created through a joint venture between TheStreet.com and IRIS.