Market Overview

UPDATE: Family Dollar Posts Upbeat Q3 Profit, Narrows Earnings Outlook

Related FDO
Options Action Traders Share Their Amazon.com, Inc. Trade
UBS Initiates Coverage On Family Dollar Stores, Inc., Dollar General Corp. And Dollar Tree, Inc.
Family Dollar Rejects Dollar General Proposal (Fox Business)

Family Dollar Stores (NYSE: FDO) reported a drop in its third-quarter profit.

Family Dollar's quarterly profit declined to $120.94 million, or $1.05 per share, versus $124.54 million, or $1.06 per share, in the year-ago period.

Its revenue climbed 9% to $2.57 billion from $2.36 billion. However, analysts were estimating earnings of $1.03 per share on revenue of $2.57 billion.

Family Dollar narrowed its full-year earnings forecast to $3.77 to $3.82 per share, versus its earlier view of $3.73 to $3.93 per share.

Family Dollar shares gained 2.86% to $65.75 in pre-market trading.

Posted-In: profitEarnings News Guidance

 

Related Articles (FDO)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters