Earnings: Dollar Tree Q2 Beats, Outlook Disappoints; NetEase Posts Mixed Results
- August 24th, 2023
- 489 views
Dollar Tree, Inc. (Nasdaq: DLTR), a major discount retail company, reported second-quarter fiscal 2023 adjusted earnings of $0.91 per share, surpassing the consensus EPS estimate of $0.87. The company's quarterly sales amounted to $7.33 billion, slightly exceeding analysts' projected revenue of $7.18 billion.
However, Dollar Tree expects its adjusted EPS for Q3 fiscal 2023 to be in the range of $0.94 to $1.04, which contrasts with the consensus estimate of $1.28 for the period.
$DLTR was trading at $129.76 in pre-market, down $12.46 (-8.76%).
In other news, NetEase, Inc. (Nasdaq: NTES), a prominent Chinese technology company, announced second-quarter 2023 earnings of $1.93 per American Depositary Shares (ADS), surpassing the consensus EPS estimate of $1.26. The company's quarterly revenues reached $3.31 billion, slightly below analysts' projected revenue of $3.46 billion.
In pre-market, $NTES was trading at $99.75, down $2.89 (-2.82%).
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