Dollar Tree (NASDAQ:DLTR) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Dollar Tree announced earnings per share of $1.04 on revenue of $6.29B. Analysts polled by anticipated EPS of $0.89 on revenue of $6.11B. That with comparison to EPS of $1.14 on revenue of $5.81B in the same period a year before. Dollar Tree had reported EPS of $1.79 on revenue of $6.32B in the previous quarter. Analysts are expecting EPS of $0.78 and revenue of $5.97B in the upcoming quarter.
Dollar Tree shares are down 6.93% from the beginning of the year , still down 26.88% from its 52 week high of $119.71 set on October 22, 2019. They are under-performing the NASDAQ 100 which is up 7.27% year to date.
Dollar Tree follows other major Services sector earnings this month
Dollar Tree's report follows an earnings missed by Amazon.com on April 30, who reported EPS of $5.01 on revenue of $75.45B, compared to forecasts EPS of $6.16 on revenue of $73.74B.
Alibaba ADR had beat expectations on May 22 with fourth quarter EPS of $9.2 on revenue of $114.31B, compared to forecast for EPS of $6.23 on revenue of $107.71B.
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