ZIM - Dollar Tree Reports Weak Earnings Joins Tesla Arcos Dorados And Other Big Stocks Moving Lower On Wednesday | Benzinga
U.S. stocks were mixed, with the Dow Jones index surging more than 100 points on Wednesday.
Shares of Dollar Tree, Inc. (NASDAQ: DLTR) fell sharply during Wednesday’s session after the company reported worse-than-expected fourth-quarter financial results and issued first-quarter EPS guidance below estimates.
Dollar Tree reported fourth-quarter FY23 sales growth of 11.9% year-on-year to $8.63 billion, missing the analyst consensus estimate of $8.67 billion. Adjusted EPS of $2.55 missed the consensus estimate of $2.65, according to data from Benzinga Pro.
Dollar Tree shares dipped 14.5% to $128.00 on Wednesday.
Here are some other big stocks recording losses in today’s session.
- NaaS ...