Investing.com - American Eagle Outfitters Inc (NYSE:AEO) shares popped on Wednesday following the company’s premarket quarterly earnings release, which showed the company has earnings and revenue that topped estimates.
American Eagle Outfitter had net income of $21.2 million, or $0.12 per share, down from $41.6 million, or $0.23 per share year-over-year. Adjusted EPS was $0.19, above the analyst forecast for $0.16.
Revenue was $844.6 million, above the $824.0 million analyst consensus forecast. Same-store sales rose 2%, ahead of the forecast for a 0.4% decline.
American Eagle is looking for third-quarter same-store sales in the range of flat to up low single digits and EPS of $0.36 to $0.38 cents. Analysts expect a same-store sales increase of 0.8% and EPS of $0.38.
American Eagle's shares added 7.8% to their value on Wednesday.