US Stock Market Move | Q1 performance better than expected, Dollar General Corporation (DG.US) rises more than 12%

On Tuesday, Dollar General Corporation (DG.US) surged over 12% to $109.48. On the news front, the company's first quarter performance exceeded Wall Street's expectations, while also raising its guidance. The dollar store's first quarter earnings per share were $1.78, surpassing FactSet's consensus estimate of $1.49. Revenue increased from $9.91 billion last year to $10.44 billion, beating analysts' expectation of $10.29 billion in revenue. The company reported a growth in same-store sales, with sales at stores open at least 13 months increasing by 2.4%. Analysts surveyed by FactSet had expected a growth of 1.5%.