UPDATE: Family Dollar Posts Rise In Q4 Profit
Family Dollar Stores (NYSE: FDO) reported a rise in its fourth-quarter profit.
Family Dollar's quarterly profit surged to $102.2 million, or $0.88 per share, versus $80.9 million, or $0.69 per share, in the year-ago period. Excluding special items, it earned $0.86 per share.
Its revenue climbed to $2.50 billion from $2.36 billion, while comparable-store sales came in flat. However, analysts were projecting earnings of $0.83 per share on revenue of $2.57 billion.
Family Dollar estimates 2014 earnings of $3.80 to $4.15 per share.
Family Dollar shares fell 1.80% to $68.20 in pre-market trading.
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