Family Dollar Climbs on Heavy Volume – Zacks Tale of the Tape
Source: http://www.zacks.com/stock/news/20064/Family+Dollar+Climbs+on+Heavy+Volume++-+Zacks+Tale+of+the+TapePosted on Monday, May 11th, 2009 | In Market Commentary, Stocks to Watch
Contributed by: Zacks Market Commentaries (http://www.zacks.com/) -
Shares of Family Dollar Stores Inc. (FDO) climbed more than 6% today on high volume of about 4.7 million, against the average of 2.6 million.
In its fiscal second quarter, Family Dollar reported an 8.7% increase in sales, which stood at $1.992 billion.
For fiscal 2009, the company expects revenue to increase between 5% and 7%, with comparable store sales between 3% and 5%. It sees full-year earnings per share between $1.90 and $2.00.
Meanwhile, 2 analysts out of 18 have lifted their expectations, pushing the current-year estimate up a penny to $1.97 per share over the past month.
Family Dollar is a Zacks #1 Rank (”Strong Buy”) company.
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