Dollar Tree: Fiscal Q4 earnings snapshot

CHESAPEAKE, Va. — Dollar Tree Inc. today reported fiscal fourth-quarter net income of $454.2 million.

On a per-share basis, the company said it had profit of $2.01.

The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.79 per share.

The discount retailer posted revenue of $7.08 billion in the period, which fell short of Street forecasts. Ten analysts surveyed by Zacks expected $7.13 billion.

For the year, the company reported profit of $1.33 billion, or $5.80 per share. Revenue was reported as $26.31 billion.

For the current quarter ending in May, Dollar Tree said it expects revenue in the range of $6.63 billion to $6.78 billion. Analysts surveyed by Zacks had expected revenue of $6.77 billion.

The company expects full-year earnings to be $7.60 to $8 per share, with revenue ranging from $27.22 billion to $27.85 billion.