Dick's Sporting Goods (DKS) Reports $67.4 Million Net Income

Dick's Sporting Goods Inc (NYSE: DKS) reported 4th quarter net income of $67.4 million, or 56 cents per share, compared to a loss of $105.6 million, or 95 cents a share, a year earlier.

Dick's Sporting Goods' 4th quarter adjusted net income rose to 56 cents per share, up from 54 cents per share last year, while revenue rose to $1.34 billion, up from $1.21 billion.

A FactSet Research survey of analysts showed average expected financial results of 55 cents earning per share on revenue of $1.29 billion.

The sporting goods retailer expects 1st quarter 2010 earnings per share of 12 cents to 13 cents per share and fiscal year 2010 earnings of $1.32 to $1.35 per share.

The average analyst estimate is 13 cents earnings per share for the 1st quarter of 2010 and $1.18 per share for the year.