UPDATE: Buckle Q3 Profit Misses Street View

The Buckle

reported weaker-than-expected earnings for the fiscal third quarter. The Kearney, Nebraska-based company posted quarterly earnings of $40.6 million, or $0.84 per share, compared to $40.6 million, or $0.85 per share, in the year-ago period. Its revenue rose 1.9% to $292.2 million in the period. However, analysts were expecting earnings of $0.86 per share on revenue of $293.92 million. Comparable store net sales slipped 0.3% in the quarter, while online sales rose 3.8% to $22.8 million. The company's net income for the 39-week fiscal period ended November 1, 2014 came in at $102.4 million, or $2.13 per share, on revenue of $799.6 million. Buckle shares rose 0.79% to close at $49.46 yesterday.