Hibbett Sports Inc. Bottom Line Drops In Q4

(RTTNews) - Hibbett Sports Inc. (HIBB) revealed a profit for fourth quarter that dropped compared to the same period last year.

The company said its bottom line fell to $9.73 million, or $0.51 per share. This was lower than $12.06 million, or $0.54 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.43 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 8.0% to $266.74 million. This was up from $246.93 million last year.

Hibbett Sports Inc. earnings at a glance:

-Earnings (Q4): $9.73 Mln. vs. $12.06 Mln. last year. -Earnings Decline (Y-o-Y): -19.3% -EPS (Q4): $0.51 vs. $0.54 last year. -EPS Decline (Y-o-Y): -5.6% -Analysts Estimate: $0.43 -Revenue (Q4): $266.74 Mln vs. $246.93 Mln last year. -Revenue Change (Y-o-Y): 8.0%

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