Dick's Sporting Goods Inc (NYSE:DKS) shares are trading lower Wednesday morning after the company reported financial results and issued weak guidance.
Dick's said first-quarter revenue decreased 7.5% to $2.7 billion, which beat the estimate of $2.59 billion, according to data from Benzinga Pro. The company reported quarterly adjusted earnings of $2.85 per share, which beat the estimate of $2.47 per share.
