American Eagle Outfitters (NYSE: AEO)
delivered better-than-expected numbers for the second quarter. The company's outlook for the third quarter is in line with the
estimates. However, the stock traded down in pre-market trading.
The specialty retailer reported net income of $41.59 million, or $0.23 a share, up from $33.27 million, or $0.17 a share, in the
year-ago period. Street analysts' expected EPS of $0.21.
American Eagle Outfitters' total revenue advanced from $797.43 million to $822.59 million in the second quarter representing a
YOY increase of three percent. This was higher than the analysts' predictions of $820.18 million.
CEO Jay Schottenstein commented, "As we enter the fall season, our execution, focus and market opportunities are greater than
ever. In today's evolving retail landscape, we are committed to offering the very best product and customer experience to position
AEO's brands as leaders in a new generation of successful retail brands."
Going forward, the retailer expects EPS to be $0.40-$0.41 in the third quarter. Analysts are looking for an EPS of $0.40.
In the pre-market trading on Wednesday, the stock was down by $0.76, or 4.01 percent, to $18.20.
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