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Early this morning, discount retailer Big Lots (NYSE: BIG) reported first-quarter earnings of 44 cents per share. These results are up from 42 cents a year ago, and are four cents better than the consensus estimate. BIG tallied quarterly sales of $1.14 billion, down from $1.15 billion a year ago. Comparable-store sales slipped 0.5% during the quarter.

BIG forecast second-quarter earnings of 26 to 32 cents per share. On average, analysts expected 30 cents per share. This outlook assumes that BIG's same-store sales will fall 1% to 3% during the quarter.

Continue reading Big Lots tops expectations, boosts full-year forecast

Big Lots tops expectations, boosts full-year forecast originally appeared on BloggingStocks on Thu, 28 May 2009 09:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bigBig Lotsdiscount retailersearnings surpriseinthenewspositive earningsretailThu, 28 May 2009 09:40:00 EST<![CDATA[Flash: MBIA on fire -- huge earnings news!]]>http://www.bloggingstocks.com/2009/05/11/flash-mbia-on-fire-huge-earnings-news/http://www.bloggingstocks.com/2009/05/11/flash-mbia-on-fire-huge-earnings-news/http://www.bloggingstocks.com/2009/05/11/flash-mbia-on-fire-huge-earnings-news/#commentsFiled under: , , ,

After five consecutive quarters of losses it was reported today after the markets closed that MBIA (NYSE: MBI) earned $3.34 per share in the first quarter through March 31, 2009. This flies in the face of analysts expectations of a 33 cent loss.

The stock closed today at $6.96 but in after hours trading has been up over $8.00 as I type at 5:00 EST.

Continue reading Flash: MBIA on fire -- huge earnings news!

Flash: MBIA on fire -- huge earnings news! originally appeared on BloggingStocks on Mon, 11 May 2009 18:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>after market newsAfterMarketNewsLow PBlow PElow PSLowPbLowPeLowPsMBIMBIApositive earningsPositiveEarningsSheldon LiberSheldonLiberMon, 11 May 2009 18:00:00 EST