Hibbett Sports Inc. Earnings Drop 48% In Q3

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

The company said its earnings declined to $7.56 million, or $0.37 per share. This was lower than $14.60 million, or $0.66 per share, in last year's third quarter.

Analysts had expected the company to earn $0.22 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 0.3% to $237.83 million. This was up from $237.01 million last year.

Hibbett Sports Inc. earnings at a glance:

-Earnings (Q3): $7.56 Mln. vs. $14.60 Mln. last year. -Earnings Decline (Y-o-Y): -48.2% -EPS (Q3): $0.37 vs. $0.66 last year. -EPS Decline (Y-o-Y): -43.9% -Analysts Estimate: $0.22 -Revenue (Q3): $237.83 Mln vs. $237.01 Mln last year. -Revenue Change (Y-o-Y): 0.3%

-Guidance: Full year EPS guidance: $1.42 - $1.50