NEW YORK (Thomson Financial) - Hibbett Sports Inc. reported fiscal
third-quarter net income of $7.8 million, or 25 cents a share, exceeding the
mean estimate of analysts surveyed by Thomson Financial of 24 cents a share.
Revenue declined to $129.6 million from $129.7 million in the same period a
year ago, compared with analyst forecasts of $134.7 million. Same-store sales
for the quarter ending Nov. 3 increased 1.2%.
The Birmingham, Ala. sporting goods retailer said it expects fiscal
fourth-quarter earnings of 36 to 44 cents a share, vs. analyst projections of 43
cents a share, and same-store sales growth in the low single-digit percentage
range.
The stock closed Tuesday's regular session at $21.18.
Tomi Kilgore
tk1
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