Top Shares today - (NYSE:JCG) Beats Q3 Estimates by Wide Margin, Shares Soar

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J. Crew Group, Inc. (NYSE:JCG) shares soared 6.44% to $43.48 in the opening sessions after The company reported third-quarter earnings of 67 cents per share, 9 cents better than the analyst estimate of 58 cents per share. Earnings per share during the same period last year were at 30 cents per share comparatively. Comparable store sales for the company were up by 8 percent from the same quarter last year.

Third-quarter profit for J. Crew rose 131 percent to $43.9 million from the $19 million made in the year-ago quarter. The company reported revenue of $414.1 million, ahead of the analyst consensus of $407.99 million.

The company saw consumers who have been reluctant to spend, come in to update clothing as disposable income is slightly easier to come by than the year prior. The operating margin for J. Crew rose to 18.2 percent of revenues, compared to 9 percent a year earlier.