Investing.com - Big Lots Inc 's (NYSE:BIG)shares were falling on Friday, with investors ignoring the company’s expectation topping second-quarter earnings results. Pre-market, the company announced that it earned $0.67 per share on revenue of $1.22 billion in the quarter, topping the consensus analyst forecast for earnings of $0.62 on revenue of $1.12 billion. Comparable-store sales rose 1.8%.
For the third quarter, Big Lots forecast comparable-store sales will increase in the low single digit range and EPS in the range of $0.01-$0.05. For the fourth quarter, the company is guiding for comparable store sales to be flat to 2% and adjusted EPS of $2.30 to $2.38. Full-year guidance is for total sales of 2%-2.5%, comparable store sales of 1-1.5%, adjusted EPS of $4.15 to $4.25.
When releasing its earnings, Big Lots also declared at $0.25 per share dividend, in line with previous.
Big Lots shares were down 2% in afternoon trade Friday.