Wednesday, May 29, 2019

Dick’s Sporting Goods shares spike after earnings beat and outlook upgrade

Shares of Dick’s Sporting Goods jumped Wednesday after the company reported quarterly earnings that topped analysts’ estimates and raised its full-year outlook.

Sales inched up 0.6% to $1.92 billion, which was higher than the $1.9 billion analysts were calling for.

Overall, for the quarter, same-store sales were flat, compared with a drop of 2.5% a year earlier. Analysts were calling for a drop of 1.3% this quarter.. . . more