Dicks Sporting Goods Inc (DKS) released its third quarter financial results before the opening bell on Tuesday. The company reported higher revenue, but a dip in earnings. Both earnings and revenue matched analysts’ expectations.
Inside Dicks Sporting Goods' Q3 Results
The company reported net income of $49.21 million, or 41 cents per share, down from $50 million, or 40 cents per share, in the year prior. On average, analysts expected to see EPS of 41 cents.
Revenue increased to $1.53 billion from $1.4 billion a year ago. Analysts expected to see total revenue of $1.53 billion.
Looking forward, the company expects to see FY2014 earnings between $2.75 and $2.85 per share, which is in-line with analysts’ estimate of $2.79 per share. For the third quarter, the company expects to see earnings between $1.18 and $1.28 per share, while analysts expect to see $1.21 per share in earnings.
Mutual Funds to Watch
|BGRFX||Baron Growth Retail||3.38%|
|BPTRX||Baron Partners Retail||1.73%|
|VSISX||Vanguard Small Cap Index Fund||1.40%|
The Bottom Line
While the funds mentioned hold only a small stake in Dicks Sporting Goods, it is still important for investors to be aware of major news events like earnings releases, as they can have an effect on mutual fund performance.