Shares of Dick's Sporting Goods Inc. fell more than 6% after the company reported earnings for the fourth quarter and presented guidance below Wall Street expectations. The company reported net income of $90.2 million, or 81 cents per share, down from $129.0 million, or $1.13 per share during the same period a year ago. Adjusted earnings per share were $1.32, above the FactSet consensus of $1.29. Revenue for the quarter hit $2.5 billion, compared with $2.2 in the year-earlier period. Analysts tracked by FactSet had forecast for revenue of $2.5 billion. And fourth quarter same-store sales were up 5%. Looking to the first quarter, Dick's expects per-share earnings to be between 48 cents to 53 cents, below FactSet's expectation of 61 cents. The company expects same-store sales to increase 3% to 4%. Shares of Dick's Sporting Goods are up 18.7% in the trailing 12-month period. The S&P 500 index is also up 18.7% during the same time frame.
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