CHESAPEAKE, Va. (AP) _ Dollar Tree Inc. (DLTR) on Tuesday reported fiscal third-quarter profit of $239.9 million.
The Chesapeake, Virginia-based company said it had profit of $1.01 per share.
The results topped Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 90 cents per share.
The discount retailer posted revenue of $5.32 billion in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $5.28 billion.
For the current quarter ending in January, Dollar Tree said it expects revenue in the range of $6.32 billion to $6.43 billion. Analysts surveyed by Zacks had expected revenue of $6.36 billion.
The company expects full-year earnings to be $4.64 to $4.73 per share, with revenue ranging from $22.2 billion to $22.31 billion.
Dollar Tree shares have risen 26 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 15 percent. The stock has increased 19 percent 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 DLTR at https://www.zacks.com/ap/DLTR