NEW YORK (TheStreet) -- Shares of American Eagle Outfitters (AEO) - Get American Eagle Outfitters, Inc. Report are spiking 10.53% to $14.80 in after-hours trading on Wednesday after the company reported better-than-expected results for the 2016 first quarter.

After today's market close, the Pittsburgh-based teen clothing retailer posted earnings of 22 cents per share, surpassing analysts' estimates of 18 cents per share.

Revenue climbed 7% to $749 million from last year and was above Wall Street's expectations of $731 million.

Comparable store sales rose 6% during the period, while analysts were looking for 4% growth.

"In a tough retail environment, AEO delivered a strong first quarter, driven by compelling merchandise, strategic investments and solid execution across the organization," CEO Jay Schottenstein said in a statement.

For the second quarter, American Eagle forecasts earnings per share between 20 cents and 21 cents. Analysts are modeling earnings of 20 cents per share.

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About 6.85 million of the company's shares were traded today compared to its average volume of 5.55 million shares per day.

Separately, TheStreet Ratings has a "Buy" rating with a score of B on the stock.

The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, attractive valuation levels and expanding profit margins.

The team believes its strengths outweigh the fact that the company shows weak operating cash flow.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: AEO

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