Dollar Tree reported second quarter earnings that missed analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $0.76 on revenue of $5.74B. Analysts polled by expected EPS of $0.82 on revenue of $5.72B. That compared to EPS of $1.15 on revenue of $5.53B in the same period a year earlier. The company had reported EPS of $1.14 on revenue of $5.81B in the previous quarter.
Dollar Tree shares gained 4.42% to trade at $104.00 in pre-market trade following the report.
Dollar Tree follows other major Services sector earnings this month
On August 15, Alibaba ADR reported first quarter EPS of $12.55 on revenue of $114.92B, compared to forecasts of EPS of $10.3 on revenue of $111.83B.
Walmart earnings beat analysts' expectations on August 15, with second quarter EPS of $1.27 on revenue of $130.4B. analysts expected EPS of $1.22 on revenue of $130.1B
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