** Shares of discount retailer Ollie's Bargain Outlet OLLI.O up 5% at $102.96 premarket
** Co tops Q3 profit expectations as lower supply chain costs help soften the blow from weaker sales
** Q3 margin rises 100 bps to 41.4%
** Adjusted income per share of 58 cents edges past estimates of 57 cents - LSEG
** Q3 net sales rise 7.8% to $517.4 mln, in line with estimates
** Still comparable sales fall wider-than-expected at 0.5% in Q3
** Co trims annual net sales forecast to $2.270 billion -$2.280 billion from $2.276 billion - $2.291 billion expected earlier as retailers weather through a promotion-heavy holiday shopping season with muted sales expectations
** OLLI maintains annual net-income-per-share expectations at $3.22 to $3.30
** As of last close, stock up 29.2% YTD
(Reporting by Juveria Tabassum in Bengaluru)
((Juveria.Tabassum@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.