American Eagle Outfitters misses on same-store sales in 3Q, offers a weak outlook
American Eagle Outfitters Inc (NYSE:AEO) shares fell after missing analyst estimates on same-store sales in its third quarter and offering weak guidance for the fourth quarter.
Shares were down less than 1% to $18.88 in Tuesday after-hours trading.
READ: Small-Cap Snapshot: The Brink’s Company shares surge following $50 million stock buyback
The retailer reported earnings of $0.48 per share compared with $0.36 in the previous third quarter, in-line with Wall Street estimates.
Quarterly revenue totaled $1 billion compared with $960.4 million a year ago, falling just short of analyst estimates of $1.02 billion.
Same-store sales rose 8%, missing analyst estimates of an 8.5% increase.
The company expects fourth-quarter earnings of $0.40 to $0.42 per share, below analyst expectations of $0.47 per share.
Contact Lenore Fedow at [email protected]
Follow her on Twitter: @LenoreMariee
Story by ProactiveInvestors
Source: https://www.proactiveinvestors.com/companies/news/211002/american-eagle-outfitters-misses-on-same-store-sales-in-3q-offers-a-weak-outlook-211002.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).