Dick's Sporting Goods beats Street forecasts

The results topped Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share.

The sporting goods retailer posted revenue of $2.16 billion in the period, also beating Street forecasts. Analysts expected $2.12 billion, according to Zacks.

For the year, the company reported profit of $344.2 million, or $2.84 per share. Revenue was reported as $6.81 billion.

Dick's expects full-year earnings to be $3.10 to $3.20 per share.

Dick's shares have increased 12 percent since the beginning of the year. The stock has increased slightly more than 3 percent in the last 12 months.