Retailer Big Lots (NYSE:BIG) stood out on amid a big market rally Friday after its latest results reassured investors that the company was on the right track.
Shares of Big Lots (NYSE:BIG) soared 26% in midday trading.
The company reported a fiscal third-quarter loss of 18 cents per share, compared with forecasts for a loss of 20 cents per share, according to estimates compiled by . Sales of $1.17 billion were slightly better than the $1.16 billion forecast.
Same-store sales were down 0.1%, compared with forecasts for flat.
Big Lots (NYSE:BIG) guided fiscal fourth-quarter earnings in line with what Wall Street is looking for, with same-store sales slightly higher.
