Dollar Tree, Inc. (DLTR) shares surged 16.14 percent to $111.34, up $15.47 on Thursday, after the discount retailer reported stronger first-quarter earnings and revenue compared with the prior year.
The stock is currently trading at $111.34, compared with a previous close of $95.87 on the Nasdaq. It opened at $111.00 and traded between $106.40 and $112.32 during the session, with volume reaching 2.64 million shares.
Dollar Tree Inc. posted first-quarter net income of $347.3 million, up from $313.5 million a year earlier. Earnings per share increased to $1.76 from $1.47 in the prior-year quarter. Revenue rose 7.2% to $4.98 billion from $4.64 billion last year, reflecting continued customer demand across the company's discount retail operations.
Dollar Tree shares have traded between $84.71 and $142.40 over the past 52 weeks.
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