Dick’s Rises After Posting Profit That Outpaces Expectations
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Dick’s Sporting Goods Inc. jumped after reporting profit that surpassed Wall Street’s expectations, a sign the athletic retailer is maintaining its momentum despite consumers’ broader pullback from discretionary spending.
Adjusted earnings of $3.40 a share in the fiscal first quarter ended April 29 exceeded the average analyst estimate of $3.13. Revenue was in line with expectations.