UPDATE: Dollar General Reports Rise In Q2 Profit

Dollar General Corp DG reported a 3.4% rise in its FQ2 net income rose 3.4% and raised the low end of its earnings forecast for the full year. Dollar General reported its quarterly profit at $146 million, or $0.42 per share, up from $141.2 million, or $0.41 per share, in the year-ago quarter. Its adjusted profit came in at $0.52 per share. Dollar General's net sales climbed to $3.58 billion from $3.21 billion. However, analysts were expecting earnings of $0.48 per share on sales of $3.54 billion. Dollar General's same-store sales surged 5.9%. Dollar General now projects adjusted earnings of $2.22 to $2.30 per share in the fiscal year, versus analysts' estimates of $2.24 per share. Dollar General shares gained 2.93% to $34.78 in after-hours trading.