11:36 AM EDT, 03/14/2024 (MT Newswires) -- (Updates with stock move in the headline and first paragraph)

Dick's Sporting Goods (DKS) shares jumped 13% in recent trading Thursday after the company reported higher earnings and net sales in fiscal Q4, beating market expectations.

The company reported fiscal Q4 non-GAAP earnings Thursday of $3.85 per diluted share, compared with $2.93 a year earlier.

Analysts surveyed by Capital IQ expected $3.36.

Net sales in the quarter ended Feb. 3 rose to $3.88 billion from $3.6 billion a year earlier.

Analysts surveyed by Capital IQ expected $3.79 billion.

In fiscal 2024, the company expects earnings per diluted share of $12.85 to $13.25 on net sales of $13 billion to $13.13 billion. Analysts surveyed by Capital IQ project EPS of $12.79 on revenue of $13.11 billion.

The company increased its quarterly dividend by 10% to $1.10 per share, payable April 12 to stockholders of record March 29.

Price: 211.42, Change: +23.66, Percent Change: +12.60