Hibbett Inc. Q1 Income Declines, But Beats Estimates

(RTTNews) - Hibbett Inc. (HIBB) released a profit for first quarter that decreased from last year but beat the Street estimates.

The company's earnings totaled $32.500 million, or $2.67 per share. This compares with $35.875 million, or $2.74 per share, in last year's first quarter.

Analysts on average had expected the company to earn $2.63 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 1.8% to $447.163 million from $455.497 million last year.

Hibbett Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $32.500 Mln. vs. $35.875 Mln. last year. -EPS (Q1): $2.67 vs. $2.74 last year. -Revenue (Q1): $447.163 Mln vs. $455.497 Mln last year.