Big Lots (BIG) Stock Surges 6% as Earnings Beat Analyst Estimates With discretionary retail taking the brunt of the economic damage this year, Big Lots (NYSE: BIG ) proved it’s not over until it’s over. BIG stock jumped Tuesday morning following a better-than-expected performance for the underlying company’s second-quarter earnings report. For the three months to July 30, Big Lots posted a net loss of $84.2 million or $2.91 a share . To be sure, these stats slipped below their respective year-ago results of $37.7 million and $1.09 a share. Excluding non-recurring items, Big Lots adjusted loss was $2.28 a share. However, this figure came in narrower than the Wall Street consensus target of a $2.47 loss per share. On the top line, the retailer generated revenue of $1.35 billion. This stat too fell below the year-ago comparison, which was $1.46 billion. Still, Big Lots managed to inch past analysts’ consensus target of $1.34 billion. Further, same-store sales declined by 9.2%, while analysts anticipated a decline of 9.8%. With the erosion of purchasing power imposing a harsh reality on American households, Big Lots delivered a pleasant surprise.