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Dick's Sporting Goods Beats Q2 Forecasts as Sales Climb

TheStreet

Dick's Sporting Goods shares are trading higher on Tuesday after posting quarterly results that beat expectations. The company posted a profit of 67 cents a share, two cents better than forecasts. But, that was a decline from a year earlier. Sales rose 10 percent from a year ago to about $1.7 billion, which surpassed expectations. Sales at stores open more than a year climbed 3 percent, thanks to the growth in athletic wears for women and teenagers. But, sales for golf and hunting gear were down. Shares of Dick's Sporting Goods moved higher on Tuesday, but they are down 25 percent since the beginning of the year. TheStreet's Julia Sun has details from New York.