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J. Crew's Sharp Showing Boosts Shares
Updated from May 31
Another strong earnings report from J. Crew(JCG Quote) sent shares of the preppy-apparel retailer surging Friday.
The company said late Thursday that first-quarter earnings vaulted from a year ago and handily topped estimates, driven by big gains in sales at its established stores. J. Crew also boosted its guidance for the full year.
Shares were climbing $4.31, or 9.6%, to $49.18 on more than four times their average daily volume. ...
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