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.

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