© Reuters. Dollar Tree Earnings, Revenue Beat in Q1
Investing.com – Dollar Tree (NASDAQ:) reported on Thursday first quarter that beat analysts’ forecasts and revenue that topped expectations.
Dollar Tree announced earnings per share of $2.37 on revenue of $6.90B. Analysts polled by Investing.com anticipated EPS of $2.01 on revenue of $6.77B.
Dollar Tree shares are down 4.93% from the beginning of the year, still down 24.61% from its 52 week high of $177.19 set on April 21. They are outperforming the Nasdaq which is down 26.91% from the start of the year.
Dollar Tree shares gained 12.29% in pre-market trade following the report.
Dollar Tree follows other major Consumer Discretionary sector earnings this month
Dollar Tree’s report follows an earnings beat by Panasonic Corp PK on May 11, who reported EPS of $0.1997 on revenue of $15.34B, compared to forecasts EPS of $0.1559 on revenue of $15.34B.
Amazon.com had missed expectations on April 28 with first quarter EPS of $-7.56 on revenue of $116.44B, compared to forecast for EPS of $8.35 on revenue of $116.45B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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