Rue21 (RUE +7.8%) pops after its Q1 results beat Street estimates late yesterday on an 18% Y/Y...

|About: Rue21 Inc (RUE)|By:, SA News Editor

Rue21 (RUE +7.8%) pops after its Q1 results beat Street estimates late yesterday on an 18% Y/Y jump in revenue. Net earnings rose 21% on record strong sales growth and better margins. Net sales increased to $205M from $172M in the prior-year period. Additionally, the company has authorized a $50M share repurchase program.