Dollar General tops 2Q net income expectations, misses revenue forecasts
Dollar General Corp. (DG) on Thursday reported fiscal second-quarter earnings of $282.3 million.
On a per-share basis, the Goodlettsville, Tennessee-based company said it had net income of 95 cents.
The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 94 cents per share.
The discount retailer posted revenue of $5.1 billion in the period, missing Street forecasts. Eight analysts surveyed by Zacks expected $5.14 billion.
Dollar General expects full-year earnings to be $3.85 to $3.95 per share.
Dollar General shares have increased 8.5 percent since the beginning of the year, while the Standard & Poor's 500 index has decreased nearly 6 percent. The stock has risen 21 percent in the last 12 months.
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 http://www.zacks.com/ap/DG
Keywords: Dollar General, Earnings Report