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Sports Authority's(TSA Quote) fourth-quarter earnings surged 75% from a year ago, beating estimates, but the company guided first-quarter results sharply lower.
The retailer earned $25.5 million, or 97 cents a share, in the fourth quarter, compared with $14.6 million, or 55 cents a share, a year ago. Sales were virtually unchanged from a year ago at $713.8 million. Analysts had been forecasting earnings of 93 cents a share on sales of $712.4 million.
The company's year-ago quarter had merger charges, before which the company earned $28.3 million, or $1.08 a share. ...
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