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Dick's beats Street 4Q forecasts

CORAOPOLIS, Pa. (AP) _ Dick's Sporting Goods Inc. (DKS) on Tuesday reported fiscal fourth-quarter earnings of $90.2 million.

The Coraopolis, Pennsylvania-based company said it had profit of 81 cents per share. Earnings, adjusted for non-recurring costs and asset impairment costs, came to $1.32 per share.

The results exceeded Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.29 per share.

The sporting goods retailer posted revenue of $2.48 billion in the period, also surpassing Street forecasts. Ten analysts surveyed by Zacks expected $2.47 billion.

For the year, the company reported profit of $287.4 million, or $2.56 per share. Revenue was reported as $7.92 billion.

For the current quarter ending in May, Dick's expects its per-share earnings to range from 50 cents to 55 cents.

The company expects full-year earnings in the range of $3.65 to $3.75 per share.

Dick's shares have declined roughly 1 percent since the beginning of the year. The stock has increased 20 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DKS at https://www.zacks.com/ap/DKS


Keywords: Dick's Sporting Goods, Earnings Report