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Burlington Stores updates comp-store sales guidance for Q2
Burlington Stores has updated its comparable store sales guidance for the second quarter ending Aug. 2 and launched a debt refinancing transaction.
Based on the company’s results quarter to date and its estimates for the remainder of July, comparable store sales for the quarter are expected to increase between 3% and 4% — not as much as last year’s second quarter comparable-stores sales increase of 7.8%, but better than its previous estimates of 2% to 3%.
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eBay profit up 5.6%, revenue surges 13%
San Jose, Calif. -- EBay Inc. on Wednesday reported that its second quarter earnings rose 5.6%, topping analysts' expectations.
The company posted $676 million in net income, up from $640 million in the same quarter a year ago.
Revenue rose 13% to $4.37 billion from $3.88 billion in the same quarter a year ago.