Dollar Tree’s (NASDAQ: DLTR) first quarter 2020 earnings and sales figures beat the market’s estimates sending the shares up by about 6% in the pre-market trading session. The company reported adjusted earnings of $1.04 per share on revenue of $6.29 billion for the quarter ended May 2, 2020. Analysts had projected Dollar Tree to earn $0.91 per share on revenue of $6.11 billion.
The strong same-store sales growth of 15.5% in Family Dollar resulted in an 8% sales growth for the discount retailer in the recently ended quarter. While enterprise same-store sales increased 7%, Dollar Tree same-store sales decreased 0.9% compared to the year-ago quarter.
On March 31, Dollar Tree withdrew its first quarter 2020 and fiscal 2020 outlook due to uncertainty in the wake of COVID-19 pandemic. The company also suspended its share buyback temporarily.
Broadcom Limited (NASDAQ: AVGO) reported first quarter 2021 earnings results today. Total revenue increased 14% year-over-year to $6.65 billion. GAAP net income was $1.3 billion, or $3.05 per share, compared
Retail giant Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the second quarter of 2021. Earnings missed analysts’ expectations, while sales beat. Net profit was $951 million
With the corporate world rapidly shifting to cloud-native computing after the virus outbreak changed work culture and the way businesses operate, technology providers are aggressively innovating their offerings. Hewlett Packard