Dick's Sporting Q3 beats Street, sees strong Q4

Dicks Sporting Goods Inc's quarterly profit beat Wall Street expectations helped by improved margins and new store openings.

The largest publicly traded U.S. sporting goods retailer said it expects fourth-quarter profit of 87-89 cents a share, while analysts were expecting a profit of 87 cents a share.

Dick's Sporting, which sells branded merchandise like athletic footwear, gear and apparel under brands such as Nike, Adidas and Under Armour, traditionally gives conservative outlooks and has beat earning expectations for over two years.