AP NEWS

Dick’s: Fiscal 3Q Earnings Snapshot

November 28, 2018

CORAOPOLIS, Pa. (AP) _ Dick’s Sporting Goods Inc. (DKS) on Wednesday reported fiscal third-quarter net income of $37.8 million.

The Coraopolis, Pennsylvania-based company said it had net income of 39 cents per share.

The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share.

The sporting goods retailer posted revenue of $1.86 billion in the period, which missed Street forecasts. Eight analysts surveyed by Zacks expected $1.87 billion.

Dick’s expects full-year earnings to be $3.15 to $3.25 per share.

Dick’s shares have risen 26 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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