Burlington Stores Reports Quarterly Earnings and Increases EPS Guidance

published 10:14 pm ET August 29th, 2019

Burlington Stores, Inc. (BURL) reported second quarter earnings and adjusted its annual EPS outlook on August 29. Total sales increased 10.5% over last year, and net income increased by 19%. Burlington increased the outlook on its annual EPS from $6.93 – $7.00 to $7.14 – $7.22.

 

Jet Equities detected the event and issued an alert at 6:45 am. The next trade took place at 7:15 am for $189. Regular market trading opened for the day at $197.50. The stock price continued to climb throughout the day before closing at $205.42. That makes an event-day gain of 8.69%.

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