Burlington Stores stock rises on positive Q1 earnings outlook

Burlington Stores Inc.

stock is up 1.3% in premarket trades Thursday after the retailer said it expects to top Wall Street analyst expectations for its first-quarter profit, while its fourth-quarter profit also beat estimates. Burlington said its fourth-quarter profit rose to $185.2 million, or $2.83 a share, from $121.64 million, or $1.80 a share in the year-ago quarter. Burlington reported an adjusted profit of $2.96 a share, ahead of the estimate of $2.73 a share, according to FactSet data.

stock is up 1.3% in premarket trades Thursday after the retailer said it expects to top Wall Street analyst expectations for its first-quarter profit, while its fourth-quarter profit also beat estimates. Burlington said its fourth-quarter profit rose to $185.2 million, or $2.83 a share, from $121.64 million, or $1.80 a share in the year-ago quarter. Burlington reported an adjusted profit of $2.96 a share, ahead of the estimate of $2.73 a share, according to FactSet data.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

5 things to know before the stock market opens ThursdayHere are the most important news items that investors need to start their trading day. $0. Stocks aren't rallying and DJI not closing 1,000 up from the open. Bond yields up.
Source: CNBC - 🏆 12. / 72 Read more »

Target, Tesla and Zoom stocks rise; Workday shares fall over forecast, and more big moversHims & Hers Health Inc shares increase, Aptinyx stock tanks. Boycott Tesla Looks bullish to me. My first target is 230$ 🎯teslastocks
Source: MarketWatch - 🏆 3. / 97 Read more »