Tractor Supply Company (TSCO) Climbs 6% in Pre market on Better Outlook
October 08, 2009 8:48 AM
Today Tractor Supply Company (NASDAQ: TSCO) announced that for third quarter of 2009, it expects net income to be approximately $21.1-$22.2 million and net income per diluted share (EPS) of $0.58-$0.60. While analysts were expecting the Company to report net profit of $16.8 million and EPS of $0.46 for third quarter of 2009. Revenue for the quarter grew 2% to $747.7 million against the street estimated at $752.7 million.
For the full year, Tractor Supply raised its profit view to a range of $2.88 to $2.98 per share, from its previous forecast of $2.78 to $2.92 a share. It sees full-year net sales of about $3.17 billion to $3.20 billion. It earlier forecast net sales of $3.15 billion to $3.25 billion. Analysts were expecting a profit of $2.86 a share, before items, on revenue of $3.20 billion.
Share of TSCO is up 5.87% at $53.78 in pre-market trading.
