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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.

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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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