Investing.com – Dollar Tree reported on Wednesday fourth quarter that beat analysts’ forecasts and revenue that fell short of expectations.
Dollar Tree announced earnings per share of $1.79 on revenue of $6.32B. Analysts polled by Investing.com anticipated EPS of $1.76 on revenue of $6.39B. That with comparison to EPS of $1.93 on revenue of $6.21B in the same period a year before. Dollar Tree had reported EPS of $1.08 on revenue of $5.75B in the previous quarter. Analysts are expecting EPS of $1.21 and revenue of $6.03B in the upcoming quarter.
Dollar Tree shares are down 13% from the beginning of the year , still down 31.65% from its 52 week high of $119.71 set on October 22, 2019. They are under-performing the Nasdaq 100 which is down 2.36% year to date.
Dollar Tree shares lost 2.22% in pre-market trade following the report.
Dollar Tree follows other major Services sector earnings this month
Dollar Tree’s report follows an earnings beat by Alibaba ADR on February 13, who reported EPS of $18.19 on revenue of $161.46B, compared to forecasts EPS of $15.91 on revenue of $159.7B.
Walmart had missed expectations on February 18 with fourth quarter EPS of $1.38 on revenue of $141.7B, compared to forecast for EPS of $1.44 on revenue of $142.54B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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