Burlington Stores: Fiscal Q2 Earnings Snapshot

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