GOODLETTSVILLE, Tenn. (AP) _ Dollar General Corp. (DG) on Thursday reported fiscal fourth-quarter profit of $642.7 million.
The Goodlettsville, Tennessee-based company said it had net income of $2.62 per share.
The results did not meet Wall Street expectations. The average estimate of 25 analysts surveyed by Zacks Investment Research was for earnings of $2.71 per share.
The discount retailer posted revenue of $8.41 billion in the period, topping Street forecasts. Twenty-five analysts surveyed by Zacks expected $8.28 billion.
For the year, the company reported profit of $2.66 billion, or $10.62 per share. Revenue was reported as $33.75 billion.
Dollar General expects full-year earnings to be $8.80 to $9.50 per share.
Dollar General shares have declined 11% since the beginning of the year, while the S&P's 500 index has increased nearly 6%. The stock has climbed 21% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DG at https://www.zacks.com/ap/DG
Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News