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Earnings Analysis: 
Big Lots Net up 76%
Author: Ivaylo Dagnev
123jump.com
Last Update: 9:41 AM EDT May 25 2006



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Big Lots Inc, closeout retailer, reported Q1 net income advanced 76% to 12 cents a share, with sales up 5%. The company said its earnings from continuing operations of 13 cents a share topped analyst forecasts, and raised its earnings from continuing operations expectations to a new range of 44 cents to 49 cents a share.

 
Big Lots Inc, (BLI: chart), reported that Q2 comparable store sales are forecast to rise 1% to 4%, and it expects to narrow its quarterly loss from continuing operations to a range of 7 cents to 10 cents a share. Analysts were expecting a Q2 loss of 8 cents a share and earnings of 37 cents a share for the year.

Sanderson Farms Inc, (SAFM: chart), poultry producer, reported it reversed to a Q2 loss of 83 cents a share, down from a net income of $1.32 a share a year earlier. The company added that sales fell to $225.1 million from $259.2 million. The company also said that results reflect a combination of sluggish demand for poultry products in the domestic market coupled with a decline in export levels that has depressed market prices. The company missed analyst estimate for a loss of 47 cents a share.

Genesco Inc, (GCO: chart), footwear, headwear and accessories retailer, reported Q1 net income advanced to 40 cents a share, up from 34 cents a share a year earlier. The company added that earnings from continuing operations totaled 41 cents a share. Sales advanced to $315 million from $286.1 million. The company met analyst estimate.

Flowers Foods Inc, (FLO: chart), bakery products maker, reported that Q1 net income advanced 15% to 37 cents a share on 11% revenue growth on sales of Nature''s Own products. Earnings from continuing operations at the company were 36 cents a share, topping analyst estimate by three cents.

Patterson Companies, (PDCO: chart), dental products distributor, reported it Q4 earnings advanced to 41 cents a share, up from 36 cents a share a year ago on 11% revenue growth, with sales in its largest business, Patterson Dental, up 11% and sales from its veterinary unit 19% higher. The company met analysts’ views.
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