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Dollar Tree Inc. Q1 Profit Rises, Beats estimates

Dollar Tree Inc. (DLTR) released earnings for its first quarter that increased from last year and beat the Street estimates.

The company's earnings totaled $536.4 million, or $2.37 per share. This compares with $374.5 million, or $1.60 per share, in last year's first quarter.

Analysts on average had expected the company to earn $2.00 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 6.5% to $6.90 billion from $6.48 billion last year.

Dollar Tree Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $536.4 Mln. vs. $374.5 Mln. last year.
-EPS (Q1): $2.37 vs. $1.60 last year.
-Analyst Estimate: $2.00
-Revenue (Q1): $6.90 Bln vs. $6.48 Bln last year.

-Guidance:
Next quarter EPS guidance: $1.45 - $1.55
Next quarter revenue guidance: $6.65 - $6.78 Bln
Full year EPS guidance: $7.80 - $8.20
Full year revenue guidance: $27.76 - $28.14 Bln

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