CORAOPOLIS, Pa. (AP) _ Dick's Sporting Goods Inc. (DKS) on Wednesday reported fiscal first-quarter earnings of $57.5 million.
On a per-share basis, the Coraopolis, Pennsylvania-based company said it had net income of 61 cents. Earnings, adjusted for one-time gains and costs, came to 62 cents per share.
The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share.
The sporting goods retailer posted revenue of $1.92 billion in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $1.89 billion.
Dick's expects full-year earnings to be $3.20 to $3.40 per share.
Dick's shares have increased 15% since the beginning of the year. The stock has climbed 18% 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 DKS at https://www.zacks.com/ap/DKS