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Genesco (GCO +2.5%) moves up this morning after its Q2 beat on all counts. Net earnings swung to...

Genesco (GCO +2.5%) moves up this morning after its Q2 beat on all counts. Net earnings swung to a profit as the seller of hats and footwear posted stronger sales and fewer one-time charges. The company also unveiled a new $75M stock repurchase program and raises its outlook for FY12. It now expects to earn between $4.88 to $5 per share and same-store sales growth to come in around 4%, the high end of former estimates of 3% to 4%.

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