Dollar Tree beats 3Q net income and revenue expectations

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CHESAPEAKE, Virginia — CHESAPEAKE, Virginia — Dollar Tree Inc. (DLTR) on Thursday reported fiscal third-quarter earnings of $133 million.

The Chesapeake, Virginia-based company said it had profit of 64 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, came to 69 cents per share.

The results topped Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 65 cents per share.

The discount retailer posted revenue of $2.1 billion in the period, also beating Street forecasts. Analysts expected $2.06 billion, according to Zacks.

For the current quarter ending in January, Dollar Tree expects its per-share earnings to range from $1.07 to $1.14. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.13.

The company said it expects revenue in the range of $2.39 billion to $2.46 billion for the fiscal fourth quarter. Analysts surveyed by Zacks had expected revenue of $2.46 billion.

Dollar Tree expects full-year earnings to be $2.97 to $3.04 per share, with revenue ranging from $8.52 billion to $8.58 billion.

Dollar Tree shares have increased 11 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 11 percent. The stock has increased roughly 6 percent in the last 12 months.

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This story was generated by Automated Insights using data from Zacks Investment Research. DLTR stock research report from Zacks.

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Keywords:Dollar Tree,Earnings Report

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