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Fred's Maintains Its Full-year Profit Forecast

Stock quotes in this article: FRED  

MEMPHIS, Tenn. (AP) — Discount retailer and pharmacy chain Fred's Inc. reaffirmed its full-year earnings outlook Thursday after reporting its first-quarter profit rose 18 percent to meet analysts' estimates.

The company still expects full-year earnings in a range of 73 cents to 80 cents per share.

Analysts predict net income of 77 cents per share, according to a Thomson Reuters poll. Analysts' estimates typically exclude one-time items. ...

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