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Dollar Tree: Fiscal 3Q Earnings Snapshot

November 26, 2019
FILE - In this May 26, 2016, file photo, a shopper searches her purse outside a Dollar Tree store in Encinitas, Calif. Dollar Tree Inc. on Tuesday, Nov. 26, 2019, reported fiscal third-quarter profit of $255.8 million. (AP Photo/Lenny Ignelzi, File)
FILE - In this May 26, 2016, file photo, a shopper searches her purse outside a Dollar Tree store in Encinitas, Calif. Dollar Tree Inc. on Tuesday, Nov. 26, 2019, reported fiscal third-quarter profit of $255.8 million. (AP Photo/Lenny Ignelzi, File)

CHESAPEAKE, Va. (AP) — Dollar Tree Inc. (DLTR) on Tuesday reported fiscal third-quarter profit of $255.8 million.

On a per-share basis, the Chesapeake, Virginia-based company said it had net income of $1.08.

The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.12 per share.

The discount retailer posted revenue of $5.75 billion in the period, exceeding Street forecasts. Six analysts surveyed by Zacks expected $5.73 billion.

For the current quarter ending in January, Dollar Tree said it expects revenue in the range of $6.33 billion to $6.44 billion. Analysts surveyed by Zacks had expected revenue of $6.39 billion.

The company expects full-year earnings to be $4.66 to $4.76 per share, with revenue ranging from $23.62 billion to $23.74 billion.

Dollar Tree shares have risen 24% since the beginning of the year, while the Standard & Poor’s 500 index has risen 25%. The stock has climbed 35% 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 DLTR at https://www.zacks.com/ap/DLTR