Hibbett Sports Inc. Announces 13% Decline In Q4 Profit

(RTTNews) - Hibbett Sports Inc. (HIBB) announced earnings for fourth quarter that lost ground compared to the same period last year.

The company said its profit came in at $17.41 million, or $0.76 per share. This was lower than $19.93 million, or $0.79 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.73 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 2.7% to $245.72 million. This was up from $239.34 million last year.

Hibbett Sports Inc. earnings at a glance:

-Earnings (Q4): $17.41 Mln. vs. $19.93 Mln. last year. -Earnings Decline (Y-o-Y): -12.6% -EPS (Q4): $0.76 vs. $0.79 last year. -EPS Decline (Y-o-Y): -3.8% -Analysts Estimate: $0.73 -Revenue (Q4): $245.72 Mln vs. $239.34 Mln last year. -Revenue Change (Y-o-Y): 2.7%