By  on March 10, 2010

American Eagle Outfitters Inc.’s stock received a more than 6 percent lift Wednesday after the teen retailer posted an 81.2 percent jump in fourth-quarter profits following the announcement late Tuesday it would shutter the struggling 28-unit Martin + Osa concept.

The M+O move by the Pittsburgh-based firm was both widely anticipated and largely applauded by Wall Street.

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