Dick's Sporting Goods (DKS) Beats Estimates, Falls 3.4%

Shares of Dick's Sporting Goods Inc DKS closed Tuesday trading down 3.44% at $27.50 per share and continued their fall in after hours trading. Volume of 9.6 million shares was 6.4 times the daily average volume of 1.5 million shares. Shares of Dick's Sporting Goods Inc traded between $26.65 and $30.00 per share during the trading day. The company released financial results on Tuesday before the market opened that beat Wall Street expectations. Dick's Sporting Goods Inc reported that its net income more than doubled to $26.2 million, or 22 cents per share. A poll of analysts conducted by Thomson Reuters, showed an average Wall Street estimate of expected earnings of 14 cents per share. Dick's Sporting Goods Inc forecast 2nd quarter earnings of 37 cents to 39 cents per share, compared to average analyst estimates of 39 cents per share.