Dollar Tree Raises Profit Outlook; American Eagle Soars; Marvell Technology Rallies
On this episode of Stock Movers:- Shares of Dollar Tree (DLTR) moved higher in premarket trading after the company reported better-than-expected profit and raised its full-year earnings outlook, a sign the discount retailer is capturing more spending from stretched shoppers. Adjusted diluted earnings per share rose to $1.21 last quarter, higher than analysts expected, as same-store sales grew 4.2%, Dollar Tree said in a statement. The results indicate that Dollar Tree’s low-price model — 85% of its products cost $2 or less — is resonating as strained consumers prioritize…
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