Dollar Tree, Inc., (DLTR): Founded in 1986, headquartered in Chesapeake, Virginia, Dollar Tree, Inc., operates discount variety stores in the United States. As of January 31, 2009, the company operated 3,591 stores in 48 states.
Market is expecting a profit of 66 cents a share for the quarter ended October 2009, a jump of 19 cents compared to its actual profit it posted in the same quarter a year ago. The company posted a profit of $1.15, $0.66 and $0.63 in the quarters ended January 2009, April 2009, and July 2009 respectively.
Currently trading at around $48.93 just below its 52 week high of $51.72 with an average volume of about 1.4 million shares a trading day. DLTR is in my BUY watch list for short term trading. Watch for earnings on Tuesday November 24, 2009 before market open.
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UPDATE: Dollar Tree posted $68.2 milllion or 76 cents a share profit for the third quarter ended October 31, 2009, market was expecting a profit of 66 cents a share. The company shares are trading about 4.3% higher than previous close, at $51.22.
