This morning, Dick's Sporting Goods (NYSE:DKS) reported second quarter earnings of $84.2 million, or 67 cents per share, as revenue climbed to $1.53 billion. Excluding one-time charges, the retailer earned 71 cents per share, falling short of Wall Street estimates. Revenue at stores open more than a year slipped 0.4% in the quarter, missing the company's forecast of a 2% to 3% increase. Following the weak results, Dick's Sporting Goods reduced its full year earnings forecast to the range of $2.60 to $2.65 per share. On the news, shares of DKS were lower by more than 6% so far.
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