Tractor Supply Co. (TSCO) reported a 5.1% decrease in third quarter same store sales Thursday morning. The company expects to report third quarter EPS of $0.58 to $0.60, compared to the consensus estimate of $0.46. Tractor Supply also increased its full year 2009 EPS forecast to between $2.88 and $2.98, from prior expectations of $2.78 to $2.92. The consensus estimate is for EPS of $2.86.
Tractor Supply Co. gapped open sharply higher Thursday, but traded in a range for the bulk of the session. Shares closed higher by $2.21 at $53.01 on the highest volume in 3 months. The stock has been rising since the beginning of the week and finished at its third consecutive new high for the year.
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