CORAOPOLIS, Pa. — Dick’s Sporting Goods shares are sliding in early trading after the company reported some disappointing holiday sales numbers.
Sales at existing stores fell 2 percent during the fourth quarter, which was about double the decline Wall Street was expecting.
Net income was $116 million, or $1.11 per share. Earnings, adjusted for non-recurring costs, came to $1.22 per share, which is 2 cents better than analysts expected, according to a survey by Zacks Investment Research.
Revenue was $2.66 billion, shy of Wall Street projections for $2.73 billion.
Shares of Dick’s Sporting Goods Inc. tumbled 6 percent before the opening bell Tuesday.
Send questions/comments to the editors.
-
Movie Review J.P. Devine
‘Stanley Tucci: Searching for Italy’ back with season 2
-
Obituaries
Obituary: Patricia Ames
-
Obituaries
Obituary: James Cluney Sr.
-
Obituaries
Obituary: Patrick “Pat” Mercier III
-
Obituaries
Obituary: Harold Francis Haskins
Success. Please wait for the page to reload. If the page does not reload within 5 seconds, please refresh the page.
Enter your email and password to access comments.
Hi, to comment on stories you must . This profile is in addition to your subscription and website login.
Already have one? .
Invalid username/password.
Please check your email to confirm and complete your registration.
Only subscribers are eligible to post comments. Please subscribe or login to participate in the conversation. Here’s why.
Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.