American Eagle Beats Third-Quarter Estimates
Casual-wear retailer
American Eagle Outfitters
(AEOS)
easily beat analysts' expectations for the third quarter and recorded 6.8% growth in same-store sales.
The company earned $29.2 million, or 61 cents a share, up from $24.3 million, or 50 cents a share, last year. A
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First Call/Thomson Financial
poll of 18 analysts produced an earnings estimate of 54 cents a share for the quarter.
Quarterly sales rose 27% to $282.8 million from $222.7 million a year ago.
Shares of American Eagle were recently climbing 8.33%, or $3.13, to $40.63 in
Nasdaq
trading.
