By Market News Video Staff, Thursday, November 18, 11:58 AM ET
Dollar Tree (NASDAQ:DLTR) said today it earned $93.2 million, or $0.73 per share in the third quarter, compared to $68.2 million, or $0.51 per share, in the same quarter last year. Sales rose 14%, to $1.43 billion, and results were well ahead of analyst forecasts. Dollar Tree predicts profits of $3.14-$3.21 for the full-year, also ahead of analyst expectations.
Dollar Tree shares are trading higher by 2.7% today.
The stock accounts for 3.16% of the Dynamic Mid Cap Growth Portfolio (PWJ), trading higher by 2.1% today. Diverse stocks such as Tiffany & Co. (NYSE:TIF), at 3.67%, and Joy Global (JOYG), at 3.54%, are top holdings in the fund. Other top holdings include F5 Networks (NASDAQ:FFIV), Netflix (NASDAQ:NFLX), and Altera (NASDAQ:ALTR).
The ETF Channel Flexible Growth Investment Portfolio is designed to seek growth for investors — anywhere and everywhere. The key to the program is our portfolio strategy allows us complete flexibility in terms of asset allocation as there are no predetermined guidelines as to the level of stocks, bonds, cash, regions, countries, sectors, commodities, or even asset classes in the portfolio! In short, this is a completely flexible portfolio designed to follow the performance trail wherever it leads us.
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