Hibbett Sports (NASDAQ:HIBB) Results Tops Estimates, Shares Soar

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 Hibbett Sports, Inc. (NASDAQ:HIBB) surged 4.11% to $19.75 after it reported Q3 EPS of $0.30, 6 cents better than the analyst estimate of $0.24. Revenue for the quarter was $145.9 million, which compares to the estimate of $144.17 million. Reports doing a $250 million buyback. Comps down 0.2%. Raises FY10 EPS $0.95 - $1.02, versus $0.92 consensus.

Hibbett Sports, Inc. is an operator of sporting goods retail stores in small to mid-sized markets predominately in the southeast, southwest, mid-atlantic and lower midwest regions of the United States. As of January 31, 2009, the Company operated 723 Hibbett Sports stores, as well as 18 smaller-format Sports Additions athletic shoe stores and four larger-format Sports & Co. superstores in 24 states.