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 story : Dick's Sporting Goods stock rises after earnings beat, guidance raised #FinanceUSA #StockMarketNEWS Dick's Sporting Goods Inc. stock rose 1.4% in Tuesday premarket trading after the sporting goods

@stockMarketNEWS 4 Days ago

Posted in: #FinanceUSA #StockMarketNEWS

Dick's Sporting Goods stock rises after earnings beat, guidance raised #FinanceUSA #StockMarketNEWS
Dick's Sporting Goods Inc. stock rose 1.4% in Tuesday premarket trading after the sporting goods retailer reported third-quarter earnings that beat expectations and raised its full-year profit guidance. Net income totaled 6.5 million, or .78 per share, up from 7.2 million, or .84 per share, last year. Adjusted EPS of .19 blew past the FactSet consensus for .06. Sales of .75 billion were up from .41 billion last year and also ahead of the FactSet consensus for .51 billion. Same-store sales grew 12.2%, well ahead of the FactSet consensus for 3.5% growth. "Our fourth quarter is off to a strong start," said Chief Executive Lauren Hobart in a statement. Dick's expects full-year sales of .12 billion to .19 billion, comparable sales growth of 24% to 25%, EPS of .88 to .06 and adjusted EPS of .60 to .80. the FactSet consensus is for sales of .04 billion, comparable sales growth of 22.2% and EPS of .40. Dick's stock has soared 149.6% for the year to date while the S&P 500 index has gained 24.7% for the period.


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