Dick's Sporting Goods (DKS) Income More Than Doubles

Sporting goods retailer Dick's Sporting Goods Inc DKS released financial results on Tuesday morning that easily beat Wall Street estimates. Dick's Sporting Goods Inc reported that its 1st quarter net income more than doubled to $26.2 million, or 22 cents per share, up from $10.2 million, or 9 cents per share, a year earlier. Net sales climbed 9% to $1.05 billion, just above the average analyst estimate of $1.03 billion. According to a poll of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 14 cents per share. Dick's Sporting Goods Inc also said that it expects comparable store sales to rise 4% or 5% in the 2nd quarter.