Dick's Sporting Goods Inc. managed to beat earnings estimates for the third quarter but the Findlay retailer said the slowdown in consumer spending will likely mean results for the holiday quarter and the full fiscal year will be lower than expected.

Hit by a 2.8 percent drop in sales at established stores during the three months ended Nov. 1, Dick's produced net income of $9.2 million, or 8 cents per share, excluding costs related to the integration of the Golf Galaxy chain acquired last year. That compared to net income of $12.2 million, or 10 cents per share, in the same period last year.

Analysts polled by Thomson Financial Network had been looking for an average of 6 cents per share.

Dick's shares have taken a beating in recent weeks over concerns the market for sporting goods was being hurt along with that for many other retail products. The stock closed yesterday at $9.56, near its 52-week low.

The company said net sales for the quarter rose 10.2 percent to $924.2 million, in part because of the opening of new stores and the inclusion of Chick's Sporting Goods stores on the West Coast that were acquired toward the end of last year.

Looking ahead, the company is now anticipating earnings for the fiscal year will be in the range of $1.13 to $1.20, excluding costs from the Golf Galaxy integration. Analysts had been looking for $1.26 per share.

In the holiday quarter, Dick's expects sales in stores open at least a year -- a number that only includes the retailer's namesake stores and Golf Galaxy stores -- to drop between 6 and 10 percent.