Dick’s: Fiscal 2Q Earnings Snapshot

August 29, 2018

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.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DKS at https://www.zacks.com/ap/DKS

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