RTTNews | May 26, 2021 12:13PM EDT

12:12 Wednesday, May 26, 2021 (RTTNews.com) - Pennsylvania-based sporting goods manufacturer, DICK's Sporting Goods' (DKS) shares were up 17% on Wednesday morning after the company's first-quarter results beat analyst's estimates.

The company turned to a profit of $361.7 million or $3.41 per share from a loss of $143.4 million or $1.71 per share in the first quarter of last year. Excluding special items, income was $367.1 million or $3.79 per share. Twenty-three analysts polled by Thomson Reuters estimated the earnings per share to be $1.12.

The company reported a revenue of $2.92 billion, up 119% from last year's $1.3 billion. The result is primarily driven by a 115% uplift in consolidated same-store sales.

The stock is currently trading at $98.18, up 17% or $14.05 from $84.17 at close on Tuesday. The market opened at $92.98. In the 52-week period that stock has ranged from $33.92 to $99.90.

Read the original article on RTTNews ( https://www.rttnews.com/3197738/stock-alert-dick-s-sporting-goods-jump-17-on-quarterly-results.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved