Business

Market Movers

Sporting goods retailer climbs on outlook

For the current quarter, Dick’s sees earnings of $1.10 to $1.11 per share.

Keith Srakocic/AP/File 2013

For the current quarter, Dick’s sees earnings of $1.10 to $1.11 per share.

Shares of Dick’s Sporting Goods Inc. rose Monday after the Pennsylvania retailer boosted its guidance for the current period and year following fourth-quarter sales that exceeded expectations. Dick’s said same-store sales jumped about 7 percent in the current quarter, beating the company’s estimate. Dick’s raised its per-share earnings forecast for the year to $2.68 to $2.69, compared with November’s $2.62 to $2.65 prediction. Dick’s also raised its 2014 per-share estimate.

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