Family Dollar Stores Earnings: Here’s Why Investors are Selling Shares
Family Dollar Stores Inc. (NYSE:FDO) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The earnings miss is a negative sign to shareholders who have been paying a premium for shares. Shares are down 7.9%.
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Family Dollar Stores Inc. Earnings Cheat Sheet
Results: Net income decreased to $80.3 million (69 cents per diluted share) in the quarter versus a net gain of $80.4 million in the year-earlier quarter.
Revenue: Rose 12.7% to $2.42 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Family Dollar Stores Inc. reported adjusted net income of 69 cents per share. By that measure…