Ollie’s Bargain Outlet: Fiscal 3Q Earnings Snapshot
Posted December 3, 2020 4:12 pm.
Last Updated December 3, 2020 4:25 pm.
HARRISBURG, Pa. (AP) _ Ollie’s Bargain Outlet Holdings Inc. (OLLI) on Thursday reported fiscal third-quarter profit of $45.2 million.
The Harrisburg, Pennsylvania-based company said it had net income of 68 cents per share. Earnings, adjusted for pretax gains, were 65 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 58 cents per share.
The retailer posted revenue of $414.4 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $407.8 million.
Ollie’s Bargain Outlet shares have increased 36% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $88.90, a rise of 56% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OLLI at https://www.zacks.com/ap/OLLI
The Associated Press
