Hibbett Sports Inc. Q3 Income Drops 22%

(RTTNews) - Hibbett Sports Inc. (HIBB) released a profit for third quarter that lost ground compared to the same period last year.

The company said its profit declined to $14.60 million, or $0.66 per share. This was lower than $18.68 million, or $0.79 per share, in last year's third quarter.

Analysts had expected the company to earn $0.74 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 3.8% to $237.01 million. This was up from $228.30 million last year.

Hibbett Sports Inc. earnings at a glance:

-Earnings (Q3): $14.60 Mln. vs. $18.68 Mln. last year. -Earnings Decline (Y-o-Y): -21.8% -EPS (Q3): $0.66 vs. $0.79 last year. -EPS Decline (Y-o-Y): -16.5% -Analysts Estimate: $0.74 -Revenue (Q3): $237.01 Mln vs. $228.30 Mln last year. -Revenue Change (Y-o-Y): 3.8%

-Guidance: Full year EPS guidance: $2.82 - $2.88