Dicks Sporting Goods (DKS) Tops Q3 EPS by 6c; Declares First Dividend Ever; Raises FY11 Outlook
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Dicks Sporting Goods, Inc. (NYSE: DKS) reported Q3 EPS of $0.32, $0.06 better than the analyst estimate of $0.26. Revenue for the quarter came in at $1.18 billion versus the consensus estimate of $1.16 billion.
On November 14, 2011, the Company's Board authorized and declared an annual dividend for 2011 in the amount of $0.50 per share on the Company's Common Stock and Class B Common Stock. The dividend is payable in cash on December 28, 2011 to stockholders of record at the close of business on December 7, 2011.
Sees Q4 EPS 87-89c, which compares to the Street estimate of 87c.
Raises FY11 EPS from $1.94-$1.96 to $2.01-$2.03, vs. the consensus estimate of $1.95.
On November 14, 2011, the Company's Board authorized and declared an annual dividend for 2011 in the amount of $0.50 per share on the Company's Common Stock and Class B Common Stock. The dividend is payable in cash on December 28, 2011 to stockholders of record at the close of business on December 7, 2011.
Sees Q4 EPS 87-89c, which compares to the Street estimate of 87c.
Raises FY11 EPS from $1.94-$1.96 to $2.01-$2.03, vs. the consensus estimate of $1.95.
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