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SMF Notes: BIG Big Lots beats by $0.01 reports revs in-line; guides FY11 EPS in-line
Reports Q2 (Jul) earnings of $0.48 per share, $0.01 better than the Thomson Reuters consensus of $0.47; revenues rose 5.2% year/year to $1.14 bln vs the $1.15 bln consensus. Co raises guidance for FY11, sees EPS of $2.82-2.90 up from $2.75 to $2.85 vs. $2.85 Thomson Reuters consensus. share, This EPS guidance is based on estimated fiscal 2010 comparable store sales in the range of 3.5% to 4.5% and an operating profit rate in the range of 7.3% to 7.5%. The co reits guidance for $220 mln of Cash Flow and expects to repurchase at least $302 mln of company stock under $400 mln March 2010 Repurchase Program.
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