By  on February 10, 2014

Shares of Dick’s Sporting Goods Inc. gained 2.6 percent in Monday morning trading after the company lifted its fourth-quarter guidance on same-store sales results that exceeded expectations.

The Pittsburgh-based sports and fitness retailer expects earnings per share of between $1.10 and $1.11 a diluted share in the fourth quarter ended Feb. 1, higher than the range of between $1.04 and $1.07 provided on Nov. 19. The consensus estimate among analysts tracking the company was for EPS of $1.06.

Comparable-store sales, originally expected to rise 3 to 4 percent, finished the quarter ahead 7 percent after adjusting for the 14th week of the final quarter of 2012. Excluding that adjustment, comps rose 6 percent in the quarter.

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