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Why Hibbet Sports Stock Reversed Course Today

·2 min read
Why Hibbet Sports Stock Reversed Course Today
In this article:
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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.

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