Dick’s: Fiscal 2Q Earnings Snapshot
CORAOPOLIS, Pa. (AP) _ Dick’s Sporting Goods Inc. (DKS) on Wednesday reported fiscal second-quarter net income of $119.4 million.
The Coraopolis, Pennsylvania-based company said it had net income of $1.20 per share.
The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.04 per share.
The sporting goods retailer posted revenue of $2.18 billion in the period, which did not meet Street forecasts. Eight analysts surveyed by Zacks expected $2.24 billion.
Dick’s expects full-year earnings to be $3.02 to $3.20 per share.
Dick’s shares have climbed 27 percent since the beginning of the year. The stock has increased 35 percent in the last 12 months.