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CHESAPEAKE, Va. (AP) _ Dollar Tree Inc. (DLTR) on Wednesday reported fiscal fourth-quarter profit of $502.8 million.
On a per-share basis, the Chesapeake, Virginia-based company said it had profit of $2.13.
The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.12 per share.
The discount retailer posted revenue of $6.77 billion in the period, which met Street forecasts.
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For the year, the company reported profit of $1.34 billion, or $5.65 per share. Revenue was reported as $25.51 billion.
Dollar Tree shares have dropped slightly more than 8% since the beginning of the year, while the S&P’s 500 index has climbed 3%. The stock has increased 17% 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 DLTR at https://www.zacks.com/ap/DLTR
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