Dollar Tree Inc. (NASDAQ:DLTR) closed Wednesday at $54.71, gaining $1.34, or 2.51 percent in anticipation of their third-quarter earnings report scheduled to be released Thursday before the opening of trading.
Analysts are looking for the retailer to report revenue of $1.38 billion and earnings of $0.62 a share.
As of the beginning of the third quarter, shares have exploded by over 31 percent, or $13.04, as consumers look for inexpensive items in light of the ongoing recession in the U.S. The stock has risen buy almost 68 percent in the year so far.
Goldman Sachs (NYSE:GS) said, "The difference in this quarter will be the lack of gross margin expansion, which is expected to be flattish due to higher yoy freight (both ocean and diesel) and a timing shift from 3Q to 4Q."
Wednesday, November 17, 2010
Dollar Tree (NASDAQ:DLTR) May Slow Down in Third Quarter
Labels:
Dollar Tree,
Earnings,
Goldman Sachs,
Quarterly Results
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment