Specialty apparel and accessories retailer, Express, Inc. (NYSE:EXPR) reached its 52-week high of $20.26 in the intra-day session on Wednesday after the company announced impressive second-quarter results.
reported second quarter EPS of $0.25 Wednesday morning, up from $0.08 in the previous year. Analysts expected EPS of $0.16. The company expects to report third quarter EPS of $0.26 to $0.29 and adjusted EPS of $1.30 to $1.37 for the full year.
For the second consecutive day, U.S. markets surged several hundred points higher off the opening bell, but unlike Tuesday, markets were able to hold, and even increase gains through Wednesday's closing bell.
In my very first article on Express (NYSE:EXPR) late last year, I argued before its 2014 Q3 results that Express deserved a closer look because of excellent marketing, growth into international markets, and strong U.S.