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Burlington Stores: Fiscal 3Q Earnings Snapshot

November 28, 2018

BURLINGTON, N.J. (AP) _ Burlington Stores Inc. (BURL) on Wednesday reported fiscal third-quarter profit of $76.8 million.

On a per-share basis, the Burlington, New Jersey-based company said it had profit of $1.12. Earnings, adjusted for one-time gains and costs, were $1.21 per share.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share.

The discount retailer posted revenue of $1.64 billion in the period. Its adjusted revenue was $1.63 billion, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $1.6 billion.

For the current quarter ending in January, Burlington Stores expects its per-share earnings to range from $2.71 to $2.75.

The company expects full-year earnings in the range of $6.33 to $6.37 per share.

Burlington Stores shares have increased 21 percent since the beginning of the year. The stock has risen 45 percent 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

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