BURLINGTON, N.J. (AP) — BURLINGTON, N.J. (AP) — Burlington Stores Inc. (BURL) on Thursday reported fiscal fourth-quarter net income of $310.4 million.
The Burlington, New Jersey-based company said it had net income of $4.84 per share. Earnings, adjusted for non-recurring costs, were $4.89 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $4.70 per share.
The discount retailer posted revenue of $3.65 billion in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $3.58 billion.
For the year, the company reported profit of $610.2 million, or $9.51 per share. Revenue was reported as $11.57 billion.
For the current quarter ending in April, Burlington Stores expects its per-share earnings to range from $1.60 to $1.75.
The company expects full-year earnings in the range of $10.95 to $11.45 per share.
Burlington Stores shares have climbed 4% since the beginning of the year. The stock has risen 31% in the last 12 months.
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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
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