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American Eagle Outfitters'(AEO Quote) fourth-quarter profit declined 6% as higher markdowns during a difficult holiday period weighed on the retailer's margins.
The teen-apparel seller said Wednesday that its earnings slipped to $140.5 million from $150.2 million a year earlier. Earnings per share for the quarter ended Feb. 2 were flat at 66 cents, reflecting fewer shares outstanding.
The per-share results matched Thomson Financial's average analyst estimate, but were better than American Eagle's forecast of 64 cents to 65 cents. ...
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