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Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

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Diamonds and Dogs

5/30/13

Big Lots Inc. (BIG)

Big Lots is not doing well today, down 8.99% at $34.93. The closeout retail company saw its shares plummet on worse than expected outlook. In the current quarter, Big Lots sees adjusted EPS in the range of $0.17 to $0.27, which would be down from $0.36 in the same period last year and would also miss analysts' current forecast of $0.43. Furthermore, for the full year Big Lots management is anticipating an EPS of $2.87 to $3.12, which again is below Wall Street's estimate of $3.16 per share. The lower than expected quarter and full year earnings spooked many investors out of the company, however shares are still trading in the middle of their 52-week range of $26.69-$42.26.

Express Inc. (EXPR)

Express is making its investors express happiness today, with shares up 12.88% at $21.21. The apparel and accessory company saw its shares skyrocket after the company released its first quarter results. For the quarter ending May 4th, Express earned $32.4 million, or $0.38 per share on revenue of $508.5 million. Analysts expected earnings of $0.36 per share on revenue of $498 million. The better than expected quarter led management to increase their full year forecast. For the year, Express now predicts earnings in a range of $1.48 to $1.58 per share, up from $1.40 to $1.54 per share. The company's shares set a new 52-week high of $21.23, intraday.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.

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