By  on November 28, 2012

Double-digit percentage gains in both third-quarter income and sales at teen retailer American Eagle Outfitters lifted its shares 7.1 percent Wednesday.

For the three months ended Oct. 27, net income rose 50 percent to $78.6 million, or 39 cents a diluted share, from $52.4 million, or 27 cents, last year. Net sales rose 11.1 percent to $910.4 million from $819.4 million. Comparable-store sales, including AE Direct, gained 10 percent in the quarter, compared with the 7 percent increase last year.

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