Why Ollie's Bargain Outlet Stock Just Dropped 6%
Shares of Ollie's Bargain Outlet (NASDAQ: OLLI) were trading 5.8% lower as of 1:05 p.m. EDT Friday as investors responded to the second-quarter miss it reported after the market close Thursday.
Analysts had forecast that the discount retailer would earn $0.55 per share for the quarter on sales of $435.8 million, but Ollie's missed on both the top and bottom lines, earning just $0.52 per share on revenue of $415.9 million.
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Source Fool.com
