Dick's Sporting Goods Up 7% (DKS)

Dick's Sporting Goods, Inc. DKS is up 7% in pre-market trading, after the sporting goods retailer reported better than expected earnings this morning, and raised guidance. The Pittsburgh-based company reported earnings of 14 cents a share. Excluding items, DKS reported earnings of 22 cents a share, 5 cents better than estimates. Revenues came in at $1.08 billion, slightly better than $1.04 billion. Dick's raised its guidance, saying it now sees a profit of 69-71 cents per share for the fourth quarter, up from the 67 cents Wall Street is expecting. The company, expects fourth-quarter same-store sales to rise 3 to 4 percent.