Big 5 Falls on Dismal Sales Results, Cuts Earnings Forecast
Shares of Big 5 Sporting Goods Corp. ( BGFV ) plunged 8.25% in yesterday’s after hours trade to $11.90 as the company reported lower-than-expected sales results for the fourth quarter and fiscal 2014 while lowering its earnings outlook for the same period. Net sales for the fourth quarter rose by less than 1% to $250.3 million from $248 million last year and were below the Zacks Consensus Estimate of $257 million […]