- Dick’s Sporting Goods beat on earnings, but missed on sales.
- The sporting-goods retailer raised its full-year guidance, but to less than what analysts were expecting.
- Shares are tumbled in pre-market trading.
- Watch Dick’s Sporting Goods trade in real-time here.
Dick’s Sporting Goods plunged as much as 14% in pre-market trading on Wednesday as a slowdown in Under Armour sales weighed on top-line results.
The sporting-goods retailer earned $ 1.20 a share during the second quarter, easily beating the the $ 1.06 that Wall Street analysts surveyed by Bloomberg were expecting. Dick’s recorded second-quarter sales of $ 2.18 billion, missing the $ 2.23 billion that was anticipated. Comparable sales fell 1.9%, worse than the 0.8% drop that was expected. See the rest of the story at Business Insider
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