American Eagle’s third-quarter profit drops nearly 16%

0
29

American Eagle Outfitters on Wednesday forecast strong earnings for the key holiday selling season and delivered third-quarter comparable sales ahead of Wall Street targets, driven by robust demand for its Aerie line of lingerie.

The news sent shares of the apparel maker up nearly 4 percent to $16.71 in premarket trading.

American Eagle expects earnings of between 42 and 44 cents per share for the holiday quarter ending January. Analysts on average were expecting 39 cents, according to Thomson Reuters I/B/E/S.

American Eagle said comparable sales from the Aerie brand jumped 19 percent in the quarter ended Oct. 28, while those from its namesake brand inched up 1 percent.

Overall sales at stores open for more than a year rose 3 percent, topping analysts’ average estimate of a 2 percent increase.

Net income fell 16 percent to $63.73 million or 36 cents per share as the company offered more promotions and took a $14 million charge.

American Eagle’s revenue rose 2 percent to $960.4 million but was just shy of the average analyst estimate of $960.8 million.

automatic stock trading software ,top stock trading software ,linux stock trading software ,earnings calendar nyse ,upcoming quarterly earnings ,buy one stock ,technical analysis signals ,the best stock trading software ,cheap stock trading sites ,best free stock trading software ,day trading charts ,penny stock trading software ,stocks quarterly reports dates ,stock trading training software ,stock trading software reviews ,uk companies reporting this week ,cheapest stock trading ,stock market etf ,automated stock trading systems ,stock buying ,stock conference calendar ,penny stock brokers ,stock trading forum ,software for stock trading ,stock trading system ,small cap stock investing ,report company ,best penny stock broker ,penny stock trading ,nasdaq earning ,asx company reporting dates ,fantasy stock exchange ,day trading analysis ,stock technical analysis software ,best stock trading strategy ,stock trading systems reviews ,buy penny stocks online ,wsj earnings calendar ,stock market investment strategies ,reporting calendar ,stocks with earnings this week ,quarterly earnings report calendar ,penny stocks top ,investing in penny stocks ,penny stocks buy ,index stocks ,reporting season calendar ,company reporting dates ,gold stock picks ,purchase penny stocks ,best stock trading system ,stock market programs ,stock market beginner ,earning reports tomorrow ,penny stock trading tips ,companies reporting today ,swing trade picks ,where to find earnings reports ,a1 stock picks ,stocks how to ,stock trade strategies ,how to invest penny stocks ,gold penny stocks ,earnings calendar stocks ,earnings season calendar ,penny stocks screener ,penny stocks free ,best investment newsletters ,stock research ,stock short ,penny stock earnings ,best penny stock newsletter ,quarterly earnings ,stock option picks ,investing ,corporate calendar ,investing technical analysis ,free penny stock tips ,penny gold stocks ,stock market seminar ,swing trading tips ,earning release dates ,small cap trading ,penny stock software ,companies reporting earnings ,swing trading ,penny stocks finder ,stock education ,us stock earnings ,stock penny ,earning this week ,earnings calendar this week ,earned schedule ,stock market earnings season ,strategies for stock trading ,earnings to watch this week ,auto stock trading software ,penny stocks ,stock picks newsletter ,penny stock charts 

Source link