CHESAPEAKE, Va. — Dollar Tree Inc. (DLTR) on Thursday reported fiscal second-quarter net income of $170.2 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Chesapeake, Virginia-based company said it had net income of 72 cents.

The results matched Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was also for earnings of 72 cents per share.

The discount retailer posted revenue of $5 billion in the period, which missed Street forecasts. Five analysts surveyed by Zacks expected $5.13 billion.

For the current quarter ending in November, Dollar Tree said it expects revenue in the range of $5.02 billion to $5.1 billion. Analysts surveyed by Zacks had expected revenue of $5.1 billion.

The company expects full-year earnings to be $3.67 to $3.82 per share, with revenue ranging from $20.69 billion to $20.87 billion.

Dollar Tree shares have increased 23 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed slightly more than 6 percent. The stock has increased 29 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DLTR at http://www.zacks.com/ap/DLTR

_____

Keywords: Dollar Tree, Earnings Report

VIAThe Associated Press
SHARE
The AP is one of the largest and most trusted sources of independent newsgathering. AP is neither privately owned nor government-funded; instead, as a not-for-profit news cooperative owned by its American newspaper and broadcast members, it can maintain its single-minded focus on newsgathering and its commitment to the highest standards of objective, accurate journalism.