UPDATE: Dollar Tree Q2 Profit Rises 4.6%

Dollar Tree

reported a 4.6% rise in its fiscal second-quarter earnings. Dollar Tree now expects full-year earnings of $2.65 to $2.77 per share on sales of $7.85 billion to $7.97 billion. The company in May had expected earnings of $2.61 to $2.77 per share on sales of $7.79 billion to $7.97 billion. For the current quarter, Dollar Tree expects earnings of $0.54 to $0.59 per share on sales of $1.87 billion to $1.92 billion. However, analysts expected earnings of $0.59 per share on sales of $1.89 billion. Dollar Tree's quarterly profit rose to $124.7 million, or $0.56 per share, from $119.2 million, or $0.51 per share, in the year-ago period. Its sales increased 8.8% to $1.85 billion. The company in May had projected earnings of $0.52 to $0.57 per share on sales of $1.81 billion to $1.86 billion. Dollar Tree shares fell 1.14% to $51.25 in pre-market trading.