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CHESAPEAKE, Va. (AP) — CHESAPEAKE, Va. (AP) — Dollar Tree Inc. (DLTR) on Wednesday reported a loss of $1.71 billion in its fiscal fourth quarter.
On a per-share basis, the Chesapeake, Virginia-based company said it had a loss of $7.85. Earnings, adjusted for one-time gains and costs, were $2.55 per share.
The results did not meet Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $2.67 per share.
The discount retailer posted revenue of $8.64 billion in the period, which also fell short of Street forecasts. Seven analysts surveyed by Zacks expected $8.67 billion.
For the current quarter ending in April, Dollar Tree said it expects revenue in the range of $7.6 billion to $7.9 billion.
The company expects full-year earnings to be $6.70 to $7.30 per share, with revenue ranging from $31 billion to $32 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DLTR at https://www.zacks.com/ap/DLTR