UPDATE: Dollar General Posts Higher Q2 Profit

Dollar General

reported a rise in its second-quarter profit. Dollar General's quarterly profit surged to $245.5 million, or $0.75 per share, from $214.1 million, or $0.64 per share, in the year-ago period. Its adjusted earnings came in at $0.77 per share. Its revenue climbed to $4.4 billion from $3.9 billion. However, analysts were projecting earnings of $0.74 per share on revenue of $4.4 billion. Dollar General projects full-year earnings of $3.15 to $3.22 per share. Dollar General shares closed at $53.88 yesterday.