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American Eagle Profit Soars
American Eagle Outfitters(AEOS Quote) reported a big rise in second-quarter profit and backed analysts' estimates for third-quarter earnings.
The company earned $29.6 million, or 40 cents a share, in the quarter ended July 31, compared to $8.1 million, or 11 cents a share, in the year-earlier period. Total sales jumped 22.8% to $413.8 million, while same-store sales rose 12.7%.
Analysts had been calling for a profit of 38 cents a share on sales of $405 million. ...
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