American Eagle Outfitters met analyst expectations for the third quarter
For the three months ended Oct. 31, the Pittsburgh-based teen retailer
reported a 38.9 percent gain in profits to $59.2 million, or 28 cents a
diluted share. A year ago its net totaled $42.6 million, or 21 cents a
Barring a tax benefit of 7 cents a share, the firm’s third-quarter profits
equaled 21 cents a share, in line with the average estimates for adjusted
earnings of analysts polled by Yahoo Finance.
Sales in the quarter fell less than one percent to $749 million from $754
million in 2008.
For complete coverage, see Wednesday’s WWD.