American Eagle Outfitters Inc AEO reported weaker-than-expected first-quarter profit on Wednesday.
American Eagle reported its quarterly earnings at $28.3 million, or $0.14 per share. The company's adjusted earnings came in at $0.13 per share. Its sales dropped 6% to $610 million. However, analysts were expecting Q1 earnings of $0.15 per share on revenue of $637.50 million.
American Eagle projects Q2 earnings of $0.10 to $0.13 per share, versus analysts' estimates of $0.13 per share.
American Eagle shares fell 0.66% to $13.57 in pre-market trading.
Read more from Benzinga's Company news.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in