Dollar General meets 2Q net income expectations, misses revenue forecasts

MarketsAssociated Press

Dollar General Corp. (DG) on Thursday reported earnings of $251.3 million in its fiscal second quarter.

On a per-share basis, the Goodlettsville, Tennessee-based company said it had net income of 83 cents.

Continue Reading Below

The results met Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of 83 cents per share.

The discount retailer posted revenue of $4.72 billion in the period, which missed Street forecasts. Analysts expected $4.76 billion, according to Zacks.

Dollar General released its full-year outlook, with annual earnings per share expected to be in the range of $3.45 to $3.55.

Dollar General shares have increased roughly 6 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 8 percent. The stock has increased 17 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap )using data from Zacks Investment Research. A stock research report on DG from Zacks is available at: http://www.zacks.com/ap/DG

_____

Keywords:Dollar General,Earnings Report