Dick’s: Fiscal 2nd quarter earnings snapshot

CORAOPOLIS, Pa. — Dick’s Sporting Goods Inc. today reported fiscal second-quarter profit of $276.8 million.

On a per-share basis, the company said it had profit of $3.12. Earnings, adjusted for non-recurring costs, were $3.21 per share.

The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.24 per share.

The sporting goods retailer posted revenue of $2.71 billion in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $2.51 billion.

Dick’s shares have fallen almost 6% since the beginning of the year. The stock has increased 37% in the past 12 months.

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