BURLINGTON, N.J. (AP) — BURLINGTON, N.J. (AP) — Burlington Stores Inc. (BURL) on Tuesday reported fiscal third-quarter earnings of $90.6 million.
On a per-share basis, the Burlington, New Jersey-based company said it had net income of $1.40. Earnings, adjusted for one-time gains and costs, were $1.55 per share.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.54 per share.
The discount retailer posted revenue of $2.53 billion in the period, falling short of Street forecasts. Six analysts surveyed by Zacks expected $2.56 billion.
For the current quarter ending in January, Burlington Stores expects its per-share earnings to range from $3.55 to $3.75.
The company expects full-year earnings in the range of $7.76 to $7.96 per share.
Burlington Stores shares have increased 50% since the beginning of the year. The stock has risen 69% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BURL at https://www.zacks.com/ap/BURL
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
