NEW YORK (TheStreet) --Shares of Dollar Tree Inc.
(DLTR) are lower by -1.27% to $54.30 in pre-market trading on Thursday, after the company reported its 2014 second quarter adjusted net income of $126.1 million or 61 cents per share, fell short of the 64 cents per share analysts polled by Thomson Reuters were expecting.
For more on why Dollar Tree missed profit forecasts:
WATCH: More market update videos on TheStreet TV However, the company said net sales grew by 9.5% to $2.03 billion, topping the $2.01 billion analysts had forecast.
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Separately, TheStreet Ratings team rates DOLLAR TREE INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:"We rate DOLLAR TREE INC (DLTR) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, notable return on equity and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook." You can view the full analysis from the report here: DLTR Ratings Report
DLTR data by YCharts
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