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Dick's Sporting Goods posts 4Q profit, results beat Wall Street estimates

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CORAOPOLIS, Pennsylvania — Dick's Sporting Goods Inc. (DKS) on Tuesday reported fiscal fourth-quarter net income of $155.5 million.

On a per-share basis, the Coraopolis, Pennsylvania-based company said it had profit of $1.30.

The results topped Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share.

The sporting goods retailer posted revenue of $2.16 billion in the period, also beating Street forecasts. Analysts expected $2.12 billion, according to Zacks.

For the year, the company reported profit of $344.2 million, or $2.84 per share. Revenue was reported as $6.81 billion.

Dick's expects full-year earnings to be $3.10 to $3.20 per share.

Dick's shares have increased 12 percent since the beginning of the year. The stock has increased slightly more than 3 percent in the last 12 months.

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

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Keywords: Dick's Sporting Goods, Earnings Report

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