{"id":29955,"date":"2012-08-17T15:57:49","date_gmt":"2012-08-17T19:57:49","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=29955"},"modified":"2012-08-17T15:57:50","modified_gmt":"2012-08-17T19:57:50","slug":"video-dollar-tree-reports-profit-but-falls-on-cautious-outlook","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2012\/08\/17\/video-dollar-tree-reports-profit-but-falls-on-cautious-outlook\/","title":{"rendered":"VIDEO: Dollar Tree Reports Profit but Falls on Cautious Outlook"},"content":{"rendered":"<p><div id=\"grabDiv1767162\"><object id=\"GrabPlayer1767162\" width=\"542\" height=\"304\" type=\"application\/x-shockwave-flash\" align=\"middle\" data=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=v88cb1b4a64fb2b1e212988f7fb97a5e78832b8a3&#038;tgt=grabnetworks\"><param name=\"quality\" value=\"high\"\/><param name=\"allowScriptAccess\" value=\"always\"\/><param name=\"allowFullScreen\" value=\"true\"\/><param name=\"menu\" value=\"false\"\/><param name=\"wmode\" value=\"transparent\"\/><param name=\"movie\" value=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=v88cb1b4a64fb2b1e212988f7fb97a5e78832b8a3&#038;tgt=grabnetworks\"\/><\/object><\/p>\n<div id=\"overlay-adzone\" style=\"overflow:hidden; position:relative\"><\/div>\n<\/div>\n<p>Discount retailer Dollar Tree announced its second quarter earnings, and forecast a tepid third quarter. The chain, which has actually benefitted from the shaky economy over the past few years because of its low prices, reported a profit of $119.2 million, or 51 cents a share, for the quarter ending July 28th. That&#8217;s up from $94.9 million, or 39 cents a share, a year ago. Those quarterly earnings met analyst expectations.But Dollar Tree forecast a third quarter below analyst predictions, saying that it expected profits of 47 cents to 51 cents a share on revenue of $1.71 to $1.75 billion. Analysts had been forecasting earnings of 52 cents a share on revenue of $1.77 billion. On the news, Dollar Tree stock is currently trading down over 8%, and only continuing to drop. According to Reuters, Dollar Tree&#8217;s cautious predictions may be a sign that the low income families who frequent the store are feeling increasing economic pressure. For more on the latest business news, follow us on Twitter @FNNOnline, or check out our website at fnno.com<\/p>\n<p><img src='http:\/\/images.grab-media.com\/financial_news_network\/2012\/08\/17\/1_64380ses_thumb.jpg' \/><\/p>\n<p><!--post_img[http:\/\/images.grab-media.com\/financial_news_network\/2012\/08\/17\/1_64380ses_preview.jpg]--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Discount retailer Dollar Tree announced its second quarter earnings, and forecast a tepid third quarter. The chain, which has actually benefitted from the shaky economy over the past few years because of its low prices, reported a profit of $119.2 million, or 51 cents a share, for the quarter ending July 28th. That&#8217;s up from &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2012\/08\/17\/video-dollar-tree-reports-profit-but-falls-on-cautious-outlook\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;VIDEO: Dollar Tree Reports Profit but Falls on Cautious Outlook&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-29955","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/29955","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=29955"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/29955\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=29955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=29955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=29955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}