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Big Lots (BIG) Stock Up on Q2 Earnings Beat, Guidance

NEW YORK (TheStreet) -- Shares of Big Lots (BIG) were higher in pre-market trading on Friday after the company reported solid earnings for the 2016 second quarter and provided a positive full-year outlook.

Before the opening bell, the Columbus, OH-based discount retailer reported adjusted earnings of 52 cents per share, which topped analysts' estimates of 46 cents per share.

Revenue of $1.2 billion was lower than Wall Street's projections of $1.22 billion. Revenue declined 0.5% year-over-year.

Same-store sales rose 0.3% in...