Why Dollar Tree, Inc. Stock Popped Today

Shares of Dollar Tree Inc. (NASDAQ: DLTR) were up 9.5% as of 1 p.m. EDT Thursday after the specialty discount retailer announced strong fiscal second-quarter 2017 results.

More specifically, Dollar Tree's revenue climbed 5.7% year over year to $5.28 billion, helped by a 2.4% increase in consolidated same-store sales. On the bottom line, that translated to net income of $233.8 million, and 36.1% growth in earnings per diluted share to $0.98. Analysts, on average, were only expecting earnings of $0.87 per share on revenue of $5.24 billion.

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Source: Fool.com