EL SEGUNDO, Calif. (AP) _ Big 5 Sporting Goods Corp. (BGFV) on Tuesday reported second-quarter earnings of $2.8 million.
On a per-share basis, the El Segundo, California-based company said it had net income of 13 cents.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share.
The sporting goods retailer posted revenue of $243.7 million in the period, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $251.8 million.
Big 5 shares have fallen 37 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $10.95, a rise of slightly more than 6 percent in the last 12 months.
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