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VOL. 40 | NO. 34 | Friday, August 19, 2016

Dollar General misses Street 2Q forecasts

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GOODLETTSVILLE (AP) — Dollar General Corp. (DG) on Thursday reported fiscal second-quarter profit of $306.5 million.

The Goodlettsville, Tennessee-based company said it had net income of $1.08 per share.

The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.09 per share.

The discount retailer posted revenue of $5.39 billion in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $5.49 billion.

Dollar General shares have climbed 28 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed slightly more than 6 percent. The stock has increased 23 percent in the last 12 months.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0