Investing.com - Dollar Tree (NASDAQ:DLTR) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Dollar Tree announced earnings per share of $1.04 on revenue of $6.29B. Analysts polled by Investing.com anticipated EPS of $0.89 on revenue of $6.11B. That with comparison to EPS of $1.14 on revenue of $5.81B in the same period a year before.Dollar Tree had reported EPS of $1.79 on revenue of $6.32B in the previous quarter.Analysts are expecting EPS of $0.78 and revenue of $5.97B in the upcoming quarter.
Dollar Tree shares are down 6.93% from the beginning of the year and are trading at $87.53 , down-from-52-week-high.They are under-performing the Nasdaq 100 which is up 7.27% year to date.
Dollar Tree follows other major Services sector earnings this month
Dollar Tree's report follows an earnings missed by Amazon.com on Thursday, April 30, 2020, who reported EPS of $5.01 on revenue of $75.45B, compared to forecasts EPS of $6.16 on revenue of $73.74B.
Alibaba ADR had beat expectations on Friday, May 22, 2020 with fourth quarter EPS of $9.2 on revenue of $114.31B, compared to forecast for EPS of $6.23 on revenue of $107.71B.
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