Why Did Dollar Tree Stock Drop Today?
Dollar Tree had nothing but good news today, and investors are wrong to sell Dollar Tree stock.
Overview
Modern-day five-and-dime retailer Dollar Tree (NASDAQ: DLTR) stock tumbled 3.7% through 1 p.m. ET Thursday despite crushing analyst forecasts for Q2 earnings.
Heading into the report, Wall Street had Dollar Tree pegged for a $1.11 per share profit on $4.85 billion in sales. Dollar Tree beat the sales estimate with $4.9 billion, and more than doubled Wall Street's expected profit, earning $2.70 per share -- then raised guidance on top of that!
Details
So why is Dollar Tree stock sliding?
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.