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CHESAPEAKE, Va. (AP) _ Dollar Tree Inc. (DLTR) on Thursday reported fiscal second-quarter earnings of $282.4 million.
The Chesapeake, Virginia-based company said it had net income of $1.23 per share.
The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.03 per share.
The discount retailer posted revenue of $6.34 billion in the period, missing Street forecasts. Eight analysts surveyed by Zacks expected $6.45 billion.
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For the current quarter ending in November, Dollar Tree said it expects revenue in the range of $6.4 billion to $6.52 billion. Analysts surveyed by Zacks had expected revenue of $6.43 billion.
The company expects full-year earnings to be $5.40 to $5.60 per share, with revenue ranging from $26.19 billion to $26.44 billion.
Dollar Tree shares have decreased almost 2% since the beginning of the year, while the S&P’s 500 index has climbed 20%. The stock has risen nearly 4% 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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