UPDATE: Family Dollar FQ4 Profit Rises 1.4%

Family Dollar Stores

reported a rise in its fiscal fourth-quarter profit. Family Dollar projects 2013 profit of $4.10 to $4.40 per share, versus analysts' estimates of $4.22 per share. For the first quarter, it expects earnings of $0.69 to $0.78 per share, versus analysts' estimates of $0.77 per share. Family Dollar's quarterly profit surged to $80.93 million, or $0.69 per share, versus $79.85 million, or $0.66 per share, in the year-earlier period. Its adjusted profit came in at $0.75 per share. Its sales rose 11% to $2.36 billion from $2.13 billion. However, analysts were expecting earnings of $0.75 per share on sales of $2.36 billion. Family Dollar shares gained 0.76% to $66.50 in pre-market trading.