Big Lots stock jumps on narrower-than-expected loss

Yahoo Finance Live anchors Rachelle Akuffo and Brad Smith break down the earnings and stock moves for Big Lots.
Shares of discount retailer Big Lots (BIG) are rising sharply in early trading after reporting a smaller loss than analysts were expecting. The retailer's second-quarter revenue came in above expectations at $1.4 billion. In the release, CEO Bruce Thorn said the results show that the company is still facing a "challenging environment in which our core lower-income customer remains under significant pressure.”
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