American Eagle reports earnings, delays sales reports - Mark Fightmaster

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American Eagle reports earnings, delays sales reports
Nov 25, 2009 05:30 PM UTC

Mark Fightmaster

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Filed under: Earnings reports, Earnings transcripts, American Eagle Outfitters (AEO)

On Tuesday, November 24, American Eagle Outfitters (AEO) stepped into the earnings spotlight, reporting that third-quarter earnings came in at 28 cents per share. Taking a tax benefit out of the equation, AEO would have earned 21 cents per share, falling a penny shy of the consensus estimate.

Quarterly sales dropped to $749 million from $754 million, with same-store sales falling off 4%. AEO did not provide a fourth-quarter forecast, which it will do when it reports November sales on December 3; this will allow the company to account for the sales from the Thanksgiving weekend.

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American Eagle reports earnings, delays sales reports originally appeared on BloggingStocks on Wed, 25 Nov 2009 12:30:00 EST. Please see our terms for use of feeds.

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