CHESAPEAKE, Va. (AP) — CHESAPEAKE, Va. (AP) — Dollar Tree Inc. (DLTR) on Wednesday reported a loss of $3.7 billion in its fiscal fourth quarter.
The Chesapeake, Virginia-based company said it had a loss of $17.17 per share. Earnings, adjusted for one-time gains and costs, came to $2.11 per share.
The results missed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $2.18 per share.
The discount retailer posted revenue of $5 billion in the period, which also missed Street forecasts. Nine analysts surveyed by Zacks expected $8.24 billion.
For the year, the company reported a loss of $3.03 billion, or $14.03 per share. Revenue was reported as $17.57 billion.
For the current quarter ending in April, Dollar Tree expects its per-share earnings to range from $1.10 to $1.25.
The company said it expects revenue in the range of $4.5 billion to $4.6 billion for the fiscal first quarter.
Dollar Tree expects full-year earnings in the range of $5 to $5.50 per share, with revenue ranging from $18.5 billion to $19.1 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
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