Why Shares of Express Are Surging Today

·2-min read
Why Shares of Express Are Surging Today

Shares of clothing retailer Express (NYSE: EXPR) were trading up 24.3% as of 9:55 a.m. ET on Thursday after the company reported better-than-expected earnings results for the third quarter. Express continued to show progress in lessening its dependence on shopping malls, instead serving customers across e-commerce and retail stores. Express turned a year-ago loss on an adjusted basis of $76.2 million into a profit of $11.6 million, or $0.17 per share.

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