NEW YORK (TheStreet) -- Even as earnings and revenue missed estimates in its first quarter, Dollar General (DG) stock is gaining Tuesday. Wall Street appears heartened that first-quarter revenue climbed 6.8%, same-store sales edged 1.5% higher and management reiterated its forecast for full-year earnings between $3.45 and $3.55 a share, three positive trends amid a challenging retail climate.
Over the three months to April, the discount chain earned 72 cents a share, a penny short of what analysts surveyed by Thomson Reuters expected. Revenue of $4.52 billion fell just shy of estimates of $4.56 billion.
By late morning, shares had added 4% to $56.49. Trading volume of 4.4 million shares had exceeded its three-month daily average of 3.8 million.
- You can view the full analysis from the report here: DG Ratings Report
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