UPDATE: Dick's Sporting Goods Posts Rise In Q4 Profit

Dick's Sporting Goods Inc

reported a rise in its fourth-quarter profit. Dick's Sporting Goods' quarterly profit climbed to $111.1 million, or $0.88 per share, from $87.5 million, or $0.71 per share, in the year-ago period. Its revenue surged to $1.61 billion, from $1.52 billion. However, analysts were expecting earnings of $0.88 per share on revenue of $1.61 billion. Dick's Sporting Goods projects full-year consolidated earnings of $2.38 to $2.41 per share. Dick's Sporting Goods shares closed at $45.57 yesterday.