NEW YORK (TheStreet) -- Shares of Dollar Tree Stores (DLTR) - Get Report are gaining, up 1.11% to $78.33 in early market trading Wednesday, after the discount retailer's fourth quarter earnings report was released this morning.
For the fourth quarter, the company earned $1.16 per share, one penny higher than the $1.15 per share analysts were expecting.
Revenue for the quarter came in at $2.48 billion, also topping the consensus estimate of $2.47 billion, and an improvement from the $2.23 billion Dollar Tree reported one year earlier.
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The discount retailer also said comparable store sales were up 5.6% during the quarter.
Last month, Family Dollar shareholders approved its deal to be bought by Dollar Tree.
Chesapeake, VA-based Dollar Tree is an operator of discount variety stores offering merchandise at the fixed price of $1 throughout the U.S. and Canada.
The company operates about 4,812 stores in the U.S. as well as 180 stores in Canada.
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, solid stock price performance, growth in earnings per share, increase in net income and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow."
- You can view the full analysis from the report here: DLTR Ratings Report