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Dollar Tree (DLTR) Stock Slumps as Q2 Results Miss Estimates

NEW YORK (TheStreet) -- Shares of Dollar Tree (DLTR) were sliding 6.25% to $89 in pre-market trading on Thursday after the company posted lower-than-expected earnings and revenue for the 2016 second quarter.

Before the opening bell, the Chesapeake, VA-based discount retailer reported earnings of 72 cents per diluted share, while analysts were looking for 73 cents per share.

Revenue for the quarter was $5 billion, which fell short of analysts' estimates of $5.09 billion.

Same-store sales grew by 1.2% during the period, but missed Wall Street's projections for growth of 2.4%.

In the third...


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