Hibbett Sports Inc. Q1 Earnings Advance 2%

(RTTNews) - Hibbett Sports Inc. (HIBB) released a profit for its first quarter that increased from last year.

The company said its bottom line came in at $27.91 million, or $1.22 per share. This was up from $27.41 million, or $1.09 per share, in last year's first quarter.

Analysts had expected the company to earn $1.20 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 4.5% to $282.09 million. This was up from $269.82 million last year.

Hibbett Sports Inc. earnings at a glance:

-Earnings (Q1): $27.91 Mln. vs. $27.41 Mln. last year. -Earnings Growth (Y-o-Y): 1.8% -EPS (Q1): $1.22 vs. $1.09 last year. -EPS Growth (Y-o-Y): 11.9% -Analysts Estimate: $1.20 -Revenue (Q1): $282.09 Mln vs. $269.82 Mln last year. -Revenue Change (Y-o-Y): 4.5%

-Guidance: Full year EPS guidance: $2.90 - $3.04