Aeropostale Rising After Earnings Report (ARO)

Aeropostale ARO released their quarterly earnings after the closing bell today. The company reported first quarter net income of $45.4 million, which was a 43% increase over the $31.7 million the company earned in last year's first quarter. On a per share basis, ARO earned $0.48 versus $0.31 in the year ago period. This compares with analysts' consensus of $0.46. Net sales were $463.6 million versus $408 million in last year's first quarter. Wall Street estimates prior to this report were pegged at $463.67 million. During the after hours trading session, ARO shares are up 1.61% to $27.73. Co-Chief Executive Officers Mindy C. Meads and Thomas P. Johnson, said, "We are very pleased with our strong start to fiscal 2010. In the first quarter we delivered solid top line growth, improved profitability and achieved record earnings. The consistency and strength of our results truly underscore the on-going momentum in our brand, the power of our promotional specialty store model and the tremendous talent across our entire organization."