NEW YORK — The retailer Express is raising its fourth-quarter and full-year profit forecasts, citing its performance during the critical holiday season and expectations for the remainder of the period.
The Columbus, Ohio-based company's stock edged up in Tuesday premarket trading.
Express now foresees fourth-quarter profit in a range of 63 cents to 65 cents per share. Its previous outlook was for 60 cents to 64 cents per share.
Analysts polled by FactSet predict 63 cents per share.
For the full-year, the company now expects an adjusted profit between $1.41 and $1.43 per share. Its prior guidance was for $1.38 to $1.42 per share.
Wall Street is looking for a full-year profit of $1.41 per share.
Express Inc. said that it expects to report its fourth-quarter and full-year financial results the week of March 6.
Shares rose 22 cents, or 1.3 percent, to $16.75 before the market open after rising as high as $17.06 earlier.