Hibbett Sports Inc HIBB reported a better-than-expected fourth-quarter profit.
Hibbett's quarterly net income climbed to $15.8 million, or $0.59 per share, from $12.5 million, or $0.44 per share, in the year-ago period. Its revenue surged 10% to $190.7 million. However, analysts were expecting earnings of $0.56 per share on revenue of $192.5 million.
Hibbett's gross margins climbed to 35.7% from 34.9% last year.
Hibbett projects 2012 earnings of $2.35 to $2.55 per share, versus analysts' estimates of $2.47 per share.
Hibbett shares closed at $51.64 yesterday.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in