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Ollie's Bargain Outlet (OLLI) Stock Spikes as Q2 Results Beat Expectations

NEW YORK (TheStreet) -- Shares of Ollie's Bargain Outlet (OLLI) were climbing 8.26% to $27.52 on heavy trading volume late Thursday morning after the company posted better-than-expected results for the 2016 fiscal second quarter.

After yesterday's closing bell, the Harrisburg, PA-based discount retailer reported adjusted earnings of 21 cents per diluted share, above Wall Street's estimates of 18 cents per share.

Revenue rose 16.1% to $211.3 million...


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