Big Lots, Inc. (NYSE: BIG) ready to set record high

Big Lots quarterly sales increased by 5%

In brief: Big Lots, Inc. (NYSE: BIG) Reports pleased with Bulls. Investors are willing to buy the company shares seeing a significant growth in company's sales.

Big Lots, Inc. (NYSE: BIG) shares will rise today, analysts say. A bullish trend will start advancing in the second half of trading under the condition of mixed market dynamics.

The American retailer Big Lots reported increased net profit for the second quarter to end July 31 from $ 28.4 million, or 34 cents per share, previous year to $ 38.9 million, or 48 cents per share. Analysts on average expected a profit at 47 cents per share. Sales for the period rose by 5% to $ 1.14 billion. Big Lots has also raised its forecast for annual profit from ongoing operations from $ 2.75-$ 2.85 per share to $ 2.82-$ 2.9 per share.

Dmitriy Srebnev
2010-08-24 13:37, Economics.

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