Dollar General Corp. (NYSE:DG) stock was down on Thursday following the release of its earnings report for the third quarter of the year.
Dollar General Corp. reported earnings per share of 84 cents for the third quarter of 2016. This is down two pennies from its earnings per share of 86 cents from the same time last year. It also didn’t meet Wall Street’s earnings per share estimate of 93 cents for the quarter.
Revenue reported by Dollar General Corp. for the third quarter of the year was $5.32 billion. The discount retailer reported revenue of $5.07 billion in its third quarter of 2015. Analysts were expecting the company to report revenue of $5.37 in its third quarter of 2016.
Dollar General Corp. reported net income of $235.32 million for its third quarter of the year. This is a drop from the $253.32 million that the company reported during the same time of the year prior.
DG also announced its cash dividend for the fourth quarter of the year. The retail company will be paying a cash dividend of 25 cents per share to stockholders on Jan. 4, 2017. Shareholders must be on record as of Dec. 21, 2016 to get the dividend.
Dollar General Corp. also updated its guidance for the full year of 2016. The company is expecting its earnings per share for the quarter to be at the low end of its 10% to 15% growth range. It has not stated what it actually expects earnings per share for the year to be. Wall Street is expecting DG to report earnings per share of $4.49 for the full year of 2016.
DG stock was down 8% as of Thursday morning.
