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    Wednesday, November 25, 2009

    J.Crew Shares Rise More Than 8% on Q3 Earnings Beat

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    By Kathryn Glass
    FOXBusiness
       

      Shares of J Crew Group, Inc. (JCG) rose more than 8% Wednesday, after the company reported better-than-expected third-quarter earnings.

      The clothing company saw profit of $43.9 million, or 67 cents a share, compared to earnings of $19 million, or 30 cents a share, in the year-ago quarter.

      Analysts polled by Thomson Reuters were expecting the company to earn 58 cents a share.

      Revenue rose 14% from the year-ago period to $414.1 million, and same-store sales rose 8% during the quarter.

       

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