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DLTR Beats, Hikes Estimates

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).


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This Article's Word Cloud:   ALTR   CHANNEL   Diverse   Dollar   FFIV   Global   Growth   Investment   NASDAQ   NFLX   Netflix   Other   PORTFOLIO   Portfolio   Tree   ahead   allows   analyst   asset   bonds   classes   complete   completely   countries   designed   earned   expectations   forecasts   full   growth   higher   holdings   include   leads   million   performance   portfolio   predicts   program   quarter   share   shares   short   stocks   terms   third   today   trading   were   year
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