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Actionable news in OLLI: OLLIE'S BARGAIN OUTLET HOLDINGS Inc COMMON STOCK,

Ollie’s Bargain Outlet (OLLI) Stock Jumping on Q4 Beat

NEW YORK (TheStreet) -- Shares of Ollie's Bargain Outlet Holdings (OLLI) are spiking by 12.33% to $25.50 on heavy trading volume Thursday afternoon, following the release of better-than-expected results for the fourth quarter ended January 30, 2016.

After yesterday's closing bell, the Harrisburg, PA-based discount retailer posted earnings of 31 cents per share, exceeding analysts' expectations of 28 cents per share.

Revenue rose by 21.3% to $243.4 million year-over-year and was above Wall Street's estimates of $239 million.

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