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Buckle shares jump after profit beats expectations

34661 buckle shares jump after profit beats expectations

Buckle Inc. BKE, +0.20% shares rose 6.4% in Friday premarket trading after the company reported fourth-quarter profit that beat expectations. The apparel and accessories retailer posted net income of $83.9 million, or $1.69 per share, up from $65.6 million, or $1.33 per share, last year. Sales of $380.9 million were up from $318.8 million. The FactSet consensus was for EPS of $1.48 and sales of $380.9 million. Comparable sales grew 20%, in line with the FactSet consensus. Buckle stock has slumped 12.2% over the past year while the S&P 500 index SPX, -0.43% has gained 8.1%.

Source: Marketwatch

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