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Fly News Breaks for May 16, 2017
DKS
May 16, 2017 | 09:17 EDT
JPMorgan analyst Christopher Horvers says he's surprised by the downside to comps and the lack of earnings upside reported this morning Dick's Sporting Good. The company's overall comps of 2.4% were below the analyst's 3.1% estimate and consensus of 3.5%. The Q1 results suggest Dick's merchandise margins were under pressure, Horvers tells investors in a post-earnings research note. He has a Neutral rating on the shares. The stock is down 12% to $41.75 in premarket trading.
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