Dollar General misses Street 3Q forecasts

Dollar General Corp. (DG) on Thursday reported fiscal third-quarter net income of $235.3 million.

The Goodlettsville, Tennessee-based company said it had net income of 84 cents per share. Earnings, adjusted for non-recurring costs, were 89 cents per share.

The results missed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 92 cents per share.

The discount retailer posted revenue of $5.32 billion in the period, which also did not meet Street forecasts. Six analysts surveyed by Zacks expected $5.36 billion.

Dollar General shares have increased nearly 8 percent since the beginning of the year, while the Standard & Poor's 500 index has risen nearly 8 percent. The stock has climbed 18 percent in the last 12 months.

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

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Keywords: Dollar General, Earnings Report