Dollar Tree Earns 73 Cents Per Share, Beats Estimates (DLTR)

Dollar Tree, Inc. DLTR released financial results on Thursday morning that beat Wall Street estimates. Dollar Tree, Inc announced that its 3rd quarter net income rose to $93.2 million, or 73 cents per share, up from $68.2 million, or 51 cents per share, a year earlier. The company's revenue rose to $1.43 billion, up from $1.25 billion a year earlier. According to a poll of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 62 cents per share, on revenue of $1.38 billion. President and CEO Bob Sasser said, “I am pleased with the Company's performance, as both sales and earnings continued to expand. Increases in customer traffic and average ticket drove strong sales growth throughout the quarter. Leading categories in the third quarter included food, housewares, domestics and home products, party supplies, and health and beauty care products. Seasonal performance was strong. We executed a quick transition from Halloween and our stores are now set with fresh, high-value merchandise for Thanksgiving and the Holiday season.” Dollar Tree, Inc. (DLTR) finished the previous trading day at $54.71 per share. The consensus price target of analysts covering the company's stock is $55.16 per share. Read more from Benzinga's Company news.