Dick's Sporting Goods stock dips premarket even as earnings top estimates and retailer offers upbeat guidance

An earlier version of this report incorrectly attributed the CEO quote to Ed Stack, who is executive chairman. It has been corrected.

Dick's Sporting Goods Inc. stock DKS, -1.97% slid 3.7% in premarket trade Tuesday, even after the retailer topped estimates for the third quarter with positive same-store sales and an upbeat outlook. The company posted net income of $228 million, or $2.45 a share, for the quarter, down from $317 million, or $2.78 a share, in the year-earlier period. Adjusted per-share earnings came to $2.60, ahead of the $2.27 FactSet consensus. Sales climbed to $2.959 billion from $2.

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Dick’s Sporting Goods launches $50M in-house investment fundDSG Ventures will initially focus on companies that directly serve athletes and their communities.
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