Hibbett Sports shares soar premarket as earnings blow past estimates

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 6 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

Retailer Hibbett Sports shares soar premarket as earnings blow past estimates

Hibbett Sports Inc. shares HIBB, -2.70% soared 15% in premarket trade Friday, after the sporting goods retailer blew past estimates for the fourth quarter and offered upbeat guidance for fiscal 2020. The company said it had net income of $6.6 million, or 36 cents a share, for the quarter to Feb. 2, down from $9.7 million, or 51 cents a share in the year-earlier period. Adjusted per-share earnings came to 57 cents, well ahead of the 39 cents FactSet consensus. Sales rose to $306.

Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines