Hibbett Sports Inc. Q3 adjusted earnings Miss Estimates

(RTTNews) - Hibbett Sports Inc. (HIBB) reported a profit for third quarter that decreased from the same period last year.

The company's profit totaled $1.50 million, or $0.08 per share. This compares with $7.56 million, or $0.37 per share, in last year's third quarter.

Excluding items, Hibbett Sports Inc. reported adjusted earnings of $2.58 million or $0.14 per share for the period.

Analysts had expected the company to earn $0.16 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 8.8% to $216.89 million from $237.83 million last year.

Hibbett Sports Inc. earnings at a glance:

-Analysts Estimate: $0.16 -Revenue (Q3): $216.89 Mln vs. $237.83 Mln last year.

-Guidance: Full year EPS guidance: $1.55 to $1.65