Big Lots (BIG) rose by more than 8% in pre-market trading as the discount retailer posted fiscal Q1 adjusted earnings of $0.92 per share, down from $0.95 in the comparable period a year ago but topping the estimate of $0.70 from analysts polled by Capital IQ.

For the quarter ended May 4, total revenue of $1.30 billion was up from $1.27 billion a year earlier and beat the Street projection of $1.29 billion. Comparable store sales increased 1.5% for Q1.

Big Lots guided Q2 adjusted EPS in the range of $0.35 to $0.45 per share, straddling the Street estimate of $0.43, and said it expected Q2 comparable store sales to increase in the low single digits.

The company increased fiscal 2019 adjusted EPS guidance to a range of $3.70 to $3.85 from a prior range of $3.55 to $3.75. The new guidance exceeds the Street projection of $3.64. The company affirmed guidance for a fiscal 2019 comparable store sales increase in the low single digits.