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The Buckle Posts Misses For Q2 Earnings, Sales

The Buckle, Inc. BKE disappointed investors by delivering lower than expected EPS and sales for the second quarter.

The company said it earned $15.5 million, or $0.32 a share, down from $23.5 million, or $0.49 a share, in the year-ago period. This was lower by $0.04 a share from the Street estimates of $0.36 a share.

The Buckle's net sales dipped 10.1 percent from $236.1 million to $212.2 million. Its sales were hurt by 10.8 percent drop in comparable store sales. It was lower than the analysts' predictions of $217.0 million for the same period.

On Thursday, the stock gained $0.80, or 3.06 percent, to $26.95.

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