American Eagle Outfitters met analyst expectations for the third quarter
Tuesday.

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
share.

 

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.

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