Hibbett Sports Inc. Bottom Line Advances In Q1

(RTTNews) - Hibbett Sports Inc. (HIBB) revealed a profit for its first quarter that increased from last year.

The company's profit totaled $21.51 million, or $1.12 per share. This compares with $20.91 million, or $0.97 per share, in last year's first quarter.

Analysts had expected the company to earn $1.15 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 0.4% to $274.71 million from $275.69 million last year.

Hibbett Sports Inc. earnings at a glance:

-Earnings (Q1): $21.51 Mln. vs. $20.91 Mln. last year. -EPS (Q1): $1.12 vs. $0.97 last year. -Analysts Estimate: $1.15 -Revenue (Q1): $274.71 Mln vs. $275.69 Mln last year.

-Guidance: Full year EPS guidance: $1.65 - $1.95