Big Lots Q3 Loss Widens, Cuts FY13 Outlook - Quick Facts

(RTTNews) - Big Lots Inc. (BIG) Thursday said third-quarter loss widened to $9.5 million or $0.17 per share from $6.0 million or $0.10 per share in the same period last year.

On average, 17 analysts polled by Thomson Reuters expected the company to report a loss of $0.08 per share for the quarter. Analysts' estimates typically exclude special items.

Sales improved 1.6 percent to $1.15 billion from $1.13 billion last year. Analysts expected revenues of $1.16 billion.

Looking ahead to the fourth quarter, the company currently projects adjusted earnings in the range of $1.40 to $1.55 per share. Analysts currently project fourth-quarter earnings of $2.11 per share.

For the fiscal 2013, the company has lowered its earnings outlook to a range of $2.40 to $2.55 per share, from its previous range of $2.80 to $3.05 per share. Analysts currently expect full-year earnings of $2.94 per share.