CHESAPEAKE, Va. (AP) — CHESAPEAKE, Va. (AP) — Dollar Tree Inc. (DLTR) on Wednesday reported fiscal third-quarter profit of $212 million.
The Chesapeake, Virginia-based company said it had net income of 97 cents per share.
The results missed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.01 per share.
The discount retailer posted revenue of $7.31 billion in the period, also missing Street forecasts. Eight analysts surveyed by Zacks expected $7.4 billion.
For the current quarter ending in January, Dollar Tree said it expects revenue in the range of $8.6 billion to $8.8 billion.
The company expects full-year earnings to be $5.81 to $6.01 per share, with revenue ranging from $30.5 billion to $30.7 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DLTR at https://www.zacks.com/ap/DLTR