Home Breaking News Dollar Tree shares jump 9% premarket on better-than-expected earnings

Dollar Tree shares jump 9% premarket on better-than-expected earnings

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Shares of Dollar Tree Inc.












DLTR, -0.84%










surged 9% in premarket trade Thursday, after the company posted better-than-expected earnings for the second quarter. The discount store chain said it had net income of $233.8 million, or 98 cents a share, in the quarter, up from $170.2 million, or 72 cents a share, in the year-earlier period. Sales rose 5.7% to $5.28 billion. The FactSet consensus was for EPS of 87 cents and sales of $5.24 billion. The company is now expecting third-quarter EPS of 83 cents to 90 cents and sales of $5.20 billion to $5.29 billion. The FactSet consensus is for EPS of 87 cents and sales of $5.27 billion. For the full-year, it expects EPS of $4.44 to $4.60 and sales of $22.07 billion to $22.28 billion. The FactSet consensus is for EPS of $4.46 and sales of $22.13 billion. Shares are down 3.7% in 2017 through Wednesday, while the S&P 500












SPX, -0.35%










has gained 9.2%.



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