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UPDATE: Dick's Sporting Goods Posts Upbeat Q3 Profit

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Dick's Sporting Goods (NYSE: DKS) reported a rise in its third-quarter profit.

Dick's quarterly profit surged to $50.1 million, or $0.40 per share, versus $41.5 million, or $0.33 per share, in the year-earlier period.

Its sales rose 11% to $1.31 billion from $1.18 billion. However, analysts were expecting earnings of $0.37 per share on sales of $1.3 billion.

Dick's projects adjusted 2012 profit of $2.53 to $2.55 per share, versus its prior forecast of $2.47 to $2.51 per share. However, analysts were expecting 2012 earnings of $2.54 per share.

Dick's shares surged 4.60% to $50.94 in pre-market trading.

Posted-In: profitEarnings News

 

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