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Shares of
Buckle Inc.BKE gained more than 4% in pre-market trading after the company reported better-than-expected earnings for the fourth quarter.
The Kearney, Nebraska-based company posted a quarterly profit of $60.1 million, or $1.25 per share, compared to a year-ago profit of $59.3 million, or $1.23 per share.
Its net sales surged 4.3% to $353.5 million from $339 million. However, analysts were expecting a profit of $1.24 per share on revenue of $353.5 million.
Its same-store sales rose 1.1% in the quarter, while online sales surged 12.6% to $33 million.
Buckle's gross margin narrowed to 47.4% from 47.6%.
Buckle shares surged 4.39% to $50.92 in pre-market trading.
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