By  on November 14, 2006

Teen apparel retailer American Eagle Outfitters announced on Tuesday a 40 percent surge in third-quarter earnings.

For the three months ended Oct. 28, income rose to $100.9 million, or 66 cents a diluted share, from $73.3 million, or 47 cents.

Total sales jumped 20 percent to $696.3 million from $580.5 million in the year-ago period, while same-store sales increased 13 percent.

For the nine-month period earnings increased to $237.2 million, or $1.56 a diluted share, from $186.6 million, or $1.19 last year. Sales rose to $1.82 billion from $1.55 billion.

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