Shares of American Eagle Outfitters (AEO) - Get Report advanced 2.5% to $18.98 after the specialty retailer beat Wall Street's first-quarter earnings and revenue forecasts.

The Pittsburgh-based company reported net income of $40.8 million, or 23 cents a share, up from $39.9 million, or 22 cents a share, a year ago. Adjusted earnings came to 24 cents, beating analysts' expectations of 21 cents.

Revenue totaled $886.3 million, up from the year-ago figure of $823 million and beat  Wall Street's forecast of $855 million. Same-store sales increased 6%, beating analysts' call for 3% growth.

American Eagle brand comparable sales increased 4%, following a 4% increase last year. Aerie's comparable sales increased 14%, the company said, building on a 38% increase last year and marking the 18th consecutive quarter of double-digit comps.

During the first quarter, American Eagle incurred restructuring charges primarily related to severance and closure costs for stores in China, totaling $1.5 million, or about 1 cent a share.

For the second quarter, American Eagle said it is expecting same-store sales to increase in the low-single digits and earnings to range from 30 cents to 32 cents a share. Analysts are looking for same-store sales growth of 2.7% and earnings of 35 cents a share.

"American Eagle and Aerie continue to leverage strong brand equity, compelling product, and leading customer engagement across stores and digital, resulting in our 17th consecutive quarter of positive comparable sales," Chairman and CEO Jay Schottenstein said in a statement.