By  on May 30, 2014

Ann Inc. stock jumped 4.2 percent to $38.92 after the retailer posted a first-quarter profit that beat analysts’ expectations.

Ann’s earnings of $15.4 million, or 33 cents a diluted share, in the quarter ended May 3, excluding an after-tax restructuring charge, was 2 cents better than analysts’ consensus estimate of 31 cents. The stock rose $1.57 in the first 50 minutes of trading on the New York Stock Exchange. 

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