CHESAPEAKE, Va. — Dollar Tree Inc. today reported fiscal second-quarter earnings of $282.4 million.
The 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.
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 past 12 months.