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Why Burlington Stores' stock rose on earnings and a new outlook

from Market Realist

The stock price of off-price retailer Burlington Stores rose 7.4 percent on May 26 as the company reported a 39 percent rise in its adjusted earnings per share for 1Q16, which ended on April 30, 2016. The company reported adjusted earnings per share of $0.57, significantly exceeding the consensus analyst estimate of $0.48. Burlington Stores reported its 1Q16 earnings before the markets opened on May 26. more


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