By  on March 13, 2013

Express Inc. modestly beat fourth-quarter profit expectations, but warned that it would get a slower-than-expected start to 2013, driving its stock down 9.5 percent to $17.06 in the opening minutes of Wall Street trading.

The retailer’s fourth-quarter rose 5.9 percent to $64 million, or 75 cents a share, from $60.4 million, or 68 cents, a year ago. Profits came in 1 cent ahead of the 74 cents analysts projected.

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