Investing.com - Dollar Tree (NASDAQ:DLTR) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Dollar Tree announced earnings per share of $2.01 on revenue of $7.08B. Analysts polled by Investing.com anticipated EPS of $1.78 on revenue of $7.12B.
Dollar Tree shares are down 0.58% from the beginning of the year, still down 6.47% from its 52 week high of $149.37 set on November 24, 2021. They are outperforming the S&P 500 which is down 9.65% from the start of the year.
Dollar Tree shares lost 0.97% in pre-market trade following the report.
Dollar Tree follows other major Consumer Discretionary sector earnings this month
Dollar Tree's report follows an earnings beat by Amazon.com on February 3, who reported EPS of $27.75 on revenue of $137.41B, compared to forecasts EPS of $3.61 on revenue of $137.68B.
Home Depot had beat expectations on February 22 with fourth quarter EPS of $3.21 on revenue of $35.72B, compared to forecast for EPS of $3.18 on revenue of $34.88B.
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