By  on August 5, 2013

Shares of American Eagle Outfitters Inc. dropped more than 17 percent in early after-hours trading Monday after the teen retailer cut its second-quarter profit estimates in half based on weakness in the women’s business.

The Pittsburgh-based operator of American Eagle and aerie said late Monday that earnings from continuing operations are likely to land at about 10 cents a diluted share, less than half the 21 cents registered in the second quarter of 2012.

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