UPDATE: Dollar Tree Posts Rise In Q4 Profit

Dollar Tree Inc

posted a rise in its fourth-quarter profit. Dollar Tree's quarterly profit surged to $187.9 million, or $1.60 per share, from $162.5 million, or $1.29 per share, in the year-ago period. Its shares outstanding declined to 117.6 million from 125.8 million. Its sales climbed 13% to $1.95 billion. Dollar Tree expects profit of $0.91 to $0.97 per share in the first quarter and profit of $4.65 to $4.90 per share for the year. Analysts were expecting earnings of $1.58 per share for the fourth quarter, $0.97 per share for the first quarter and $4.79 per share for the year. Dollar Tree shares dropped 2.23% to $86.05 in pre-market trading.