<div id="readability-page-1">Up:Burlington Stores Forecasts Higher Fiscal 2024 Results After Q4 Earnings Beat Burlington Stores (BURL) shares rose 8% after the company reported fourth-quarter earnings that exceeded analysts' expectations. Adjusted earnings per share (EPS) for the quarter were $3.66, surpassing the consensus of $3.30. Sales increased by 14% to $3.12 billion, also beating the expected $3.05 billion. The company's gross margin expanded, and inventory levels declined. Looking ahead, Burlington expects adjusted EPS for fiscal 2024 to range between $7 and $7.60, with sales growth projected at 9% to 11%. This optimistic outlook, coupled with the company's plan to open approximately 100 net new stores by February 2025, has positively influenced investor sentiment. Kroger Shares Surge on Upbeat Fiscal 2024 Earnings Outlook and Q4 Profit Beat Kroger (KR) shares climbed 8% following an upbeat earnings outlook for fiscal 2024 and a fourth-quarter profit that exceeded market expectations. The company forecasts adjusted EPS to be between $4.30 and $4.50 for fiscal 2024, with identical sales growth excluding fuel expected to be modest. The positive outlook comes despite the challenging macroeconomic environment, with the company focusing on lowering prices and increasing wages while maintaining productivity. Kroger's strong performance, including a sales increase to $37.06 billion for the quarter, has bolstered investor confidence even as the company navigates through its proposed merger with Albertsons. Avangrid Shares Jump on Take-Private Offer from Controlling Shareholder Iberdrola Avangrid (AGR) shares rose 13% after receiving a non-binding take-private offer of $34.25 per share from its controlling shareholder, Iberdrola. Iberdrola already owns approximately 81.6% of Avangrid's outstanding shares. The proposal will be reviewed by an independent committee, which will evaluate and negotiate the offer. The potential acquisition aligns with Iberdrola's strategy to strengthen its presence in stable markets and invest in electrical networks. The news of the offer has led to increased investor interest in Avangrid's stock. Down:Ciena Shares Tumble Despite Q1 Adjusted Earnings Increase and Revenue Decline Ciena (CIEN) shares slumped by 13% even though the company reported an increase in fiscal Q1 adjusted net income to $0.66 per diluted share, up from $0.64 a year earlier, beating the expected $0.48. However, revenue for the quarter saw a slight decline to $1.04 billion from $1.06 billion a year ago. The drop in share price reflects investor concerns over the revenue decrease and the potential challenges that Ciena may face in the upcoming quarters.Full Truck Alliance Shares Fluctuate Amid Q4 Earnings and Revenue Growth Full Truck Alliance (YMM) shares initially rose nearly 6% in premarket trading after reporting a rise in Q4 non-GAAP earnings and revenue, with earnings of 0.69 renminbi per diluted American depositary share, up from 0.42 renminbi a year earlier. Revenue also increased to 2.41 billion renminbi. The company provided a Q1 revenue outlook that met analysts' expectations and announced a share buyback plan. However, shares later turned negative, dropping more than 7% as part of a broader bearish movement.</div>

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Burlington Stores exceeded earnings expectations, leading to a rise in stock. Kroger also saw a surge in shares due to a positive earnings outlook. Avangrid received a take-private offer, causing a jump in shares. Ciena shares tumbled despite an increase in earnings. Full Truck Alliance initially saw a rise in shares but later dropped.

Stocks in motion: Burlington Stores, Kroger, Ciena...