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Burlington Stores: Fiscal Q2 Earnings Snapshot
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BURLINGTON, N.J. (AP) — BURLINGTON, N.J. (AP) — Burlington Stores Inc. (BURL) on Thursday reported fiscal second-quarter net income of $184.3 million.

On a per-share basis, the Burlington, New Jersey-based company said it had profit of $2.88. Earnings, adjusted for one-time gains and costs, came to $2.96 per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.18 per share.

The discount retailer posted revenue of $3 billion in the period, missing Street forecasts. Six analysts surveyed by Zacks expected $3.03 billion.

Burlington Stores expects full-year earnings in the range of $11.77 to $11.97 per share.

Burlington Stores shares have increased almost 9% since the beginning of the year. The stock has risen 13% 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

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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