Dollar Tree: Fiscal 3Q Earnings Snapshot
CHESAPEAKE, Va. (AP) _ Dollar Tree Inc. (DLTR) on Thursday reported fiscal third-quarter net income of $281.8 million.
The Chesapeake, Virginia-based company said it had net income of $1.18 per share.
The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.15 per share.
The discount retailer posted revenue of $5.54 billion in the period, which fell short of Street forecasts. Seven analysts surveyed by Zacks expected $5.55 billion.
For the current quarter ending in January, Dollar Tree said it expects revenue in the range of $6.1 billion to $6.21 billion. Analysts surveyed by Zacks had expected revenue of $6.26 billion.
The company expects full-year earnings to be $4.86 to $4.95 per share, with revenue ranging from $22.72 billion to $22.83 billion.
Dollar Tree shares have declined 22 percent since the beginning of the year, while the Standard & Poor’s 500 index has increased roughly 3 percent. The stock has declined 17 percent in the last 12 months.