American Eagle, Urban Outfitters Both Top Estimates

At American Eagle, net income, including a goodwill impairment charge, was $10.1 million, or 14 cents a share, in the quarter ended Nov. 1, compared with $27.1 million, or 37 cents a share, a year earlier. Earnings excluding the charge were $18.1 million, or 25 cents a share. On this basis, the company beat analysts' projections for a profit of 23 cents a share.

Total sales for American Eagle were $373.8 million, down 0.2% from last year. Comparable-store sales for the period were down 10.4%.

The Warrendale, Pa.-based company said that month-to-date November same-store sales have fallen by a percentage in the low single digits. However, sales trends have improved since October thanks to more seasonable weather, a clearance sale and the upcoming holidays, American Eagle said.

Shares of American Eagle were rising 33 cents, or 1.9%, at $17.65 in Instinet premarket trading.