Investing.com - Dollar Tree reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Dollar Tree announced earnings per share of $1.6 on revenue of $6.76B. Analysts polled by Investing.com anticipated EPS of $1.59 on revenue of $6.8B.
Dollar Tree shares are up 18.12% from the beginning of the year and are trading at $153.62 , down-from-52-week-high.They are outperforming the Nasdaq which is down 20.54% from the start of the year.
Dollar Tree shares lost 7.45% in pre-market trade the report.
Dollar Tree follows other major Consumer Discretionary sector earnings this month
Dollar Tree's (NASDAQ:DLTR) report follows an earnings missed by Amazon.com on July 28, who reported EPS of $-0.2 on revenue of $121.23B, compared to forecasts EPS of $0.1199 on revenue of $119B.
Home Depot had beat expectations on August 16 with second quarter EPS of $5.05 on revenue of $43.79B, compared to forecast for EPS of $4.95 on revenue of $43.36B.
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