However, excluding costs related to its pending acquisition of rival Family Dollar Store, net income was $239 million, or $1.16 a share. In comparison analysts had expected per-share earning of $1.15 on a revenue of $2.47 billion. Once again Dollar Tree restated its belief that the Federal Trade Commission will require no more than 300 store divestitures in order to grant its approval for the deal with Family Dollar. The company hopes to reach an agreement with the FTC in early March and to close the deal by late April. During the quarter Dollar Tree opened 90 new locations, expanded or relocated six stores, and closed five. Last summer Dollar Tree offered $8.5 billion in order to acquire its bigger rival in a cash-and-stock deal. Soon after, market leader Dollar General launched an unsolicited $9.1-billion bid, which was rejected by Family Dollar due to antitrust concerns.