Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

American Eagle Outfitters' Shares Take 12.43 Percent Dive

Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

American Eagle Outfitters' Shares Take 12.43 Percent Dive

Article excerpt

Shares of American Eagle Outfitters took a hit when its holiday forecast missed expectations.

The South Side teen clothing retailer said fourth-quarter earnings should be in the range of 37 to 39 cents per share - a flat to low single-digit increase - excluding potential asset impairment and restructuring charges. Analysts polled by Thomson Financial had been looking for 45 cents per share.

American Eagle Outfitters' shares fell 12.43 percent to $16.56 per share on Wednesday.

Still, profits ticked up during the third quarter, with net income hitting $75.8 million, or 41 cents per share, compared to $74.1 million, or 38 cents per share, in the same quarter a year earlier.

Consolidated comparable sales - or sales at stores open at least a year - climbed 2 percent in the third quarter. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.