Rising Shares Today - (NASDAQ:DLTR) Beats Estimates, Shares Soar

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Dollar Tree, Inc. (NASDAQ:DLTR) surged 4.32% to $51.22 after it said Tuesday that its third-quarter profit rose to $68.2 million, or 76 cents a share, from $43.1 million, or 47 cents a share, in the year-earlier period. Sales increased to $1.25 billion from $1.11 billion, and same-store sales rose 6.5% in the latest quarter. The discount retailer said it expects to post a profit of $1.30 to $1.39 a share for the fourth quarter and $3.34 to $3.43 a share for the year. On average, analysts polled by FactSet Research were looking for earnings of 66 cents a share for the third quarter, $1.35 a share for the fourth quarter and $3.25 a share for the full year.

Dollar Tree, Inc. (Dollar Tree), formerly Dollar Tree Stores, Inc., is an operator of discount variety stores offering merchandise at the fixed price of one dollar. At January 31, 2009, the Company operated 3,591 discount variety retail stores in 48 states. Approximately 3,450 of these stores sell substantially all items for one dollar or less. The remaining stores, operating as Deal$, sell most items for one dollar or less but also sell items for more than one dollar.

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