American Eagle Jumping on Earnings Beat, Raised Guidance

Before you go, we thought you'd like these...
Before you go close icon

American Eagle Outfitters Inc. (NYSE: AEO) reported third-quarter 2012 results before markets opened this morning. The specialty clothing retailer reported adjusted diluted earnings per share (EPS) of $0.39 and revenues of $910 million. In the same period a year ago, the company reported EPS of $0.27 on revenue of $819 million. Today's results also compare to the Thomson Reuters consensus estimates for EPS of $0.39 and $873.26 million in revenue.

On a GAAP basis, American Eagle reported EPS of $0.41, not including a loss from discontinued operations. The company has shuttered its 77kids business.

The company's CEO said:

Our third quarter reflected on-going business momentum, profitable sales growth, and a leading brand and product driven customer experience. We're also pleased to see business strength carry into the fourth quarter and record results over Thanksgiving weekend.

American Eagle guided fourth-quarter EPS at $0.54 to $0.56, compared with a consensus estimate of $0.55. For the full fiscal year, ending in January, the company forecast EPS of $1.38 to $1.40, above the consensus estimate of $1.37.

Shares are trading up 7.8% this morning at $20.93 in a 52-week range of $12.50 to $23.94. Thomson Reuters had a consensus analyst price target of around $25.50 before today's results were announced.

Paul Ausick


Filed under: 24/7 Wall St. Wire, Apparel, Earnings, Retail Tagged: AEO
Read Full Story

Markets

S&P 500 2,341.59 -2.39 -0.10%
DJIA 20,550.98 -45.74 -0.22%
NASDAQ 5,840.37 11.64 0.20%
DAX 11,996.07 -68.20 -0.57%
NIKKEI 225 19,157.82 172.23 0.91%
HANG SENG 24,315.87 122.17 0.51%
USD (per EUR) 1.09 0.00 0.03%
USD (per CHF) 0.99 0.00 -0.03%
JPY (per USD) 110.62 -0.15 -0.13%
GBP (per USD) 1.26 0.00 0.07%

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners