Why Hibbet Sports Stock Reversed Course Today
Sports-related apparel retailer Hibbett (NASDAQ: HIBB) reported quarterly earnings this morning that beat estimates and raised full-year guidance, and the initial reaction was strongly positive. The stock popped more than 6% in pre-market trading. Hibbett blew past analyst earnings estimates with net income of $2.86 per diluted share compared to a consensus estimate of $1.44 per share.