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Stock Alert: DICK'S Sporting Shares Up 12% In Early Trade On Upbeat Q2

Shares of DICK'S Sporting Goods Inc. (DKS) are rising over 12% in pre-market Wednesday morning, after the company stellar Q2 results.

The stock has been trading in the range of $13.46 - $49.80 for the past one year, and closed Wednesday's trade at $46.67, down $1.14 or 2.38%. DKS is currently trading at $52.66, up $6.02 or 12.91% in the pre-market session today.

The company reported Q2 net income of $276.8 million or $3.12 per share compared to $112.5 million or $1.26 per share last year, reflecting strong quarterly sales.

On a non-GAAP basis, net income for the latest-quarter was $281.7 million, or $3.21 per share. Analysts polled by Thomson Reuters expected earnings of $1.30 per share for the quarter. Analysts' estimates typically exclude certain special items.

Net sales for the second quarter increased 20.1% to $2.71 billion from last year. Analysts expected revenue of $2.46 billion for the quarter.

Consolidated same store sales for the quarter rose 20.7%, even with about 15% of the company's stores closed on average. eCommerce sales increased 194%, including Curbside Contactless Pickup. Second quarter 2019 consolidated same store sales increased 3.2%.

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