Dick’s Sporting Goods, Inc (NYSE:DKS) gapped down about 10% lower on Wednesday to reach a new 52-week low of $63.45, before bulls came in and bought the dip.
In the premarket Wednesday Dick’s Sporting Goods printed its first-quarter financial results. For the quarter, the company reported adjusted earnings of $2.85 per share on revenues of $2.7 billion, which beat the consensus estimate of EPS of $2.47 on revenues of $2.59 billion.
