The Traderszone Network

Published in TZ Latest News 3 December, 2016 by The TZ Newswire Staff

Investors Are Overlooking American Eagle Outfitters’ Greatest Asset (Again)

Shares of American Eagle Outfitters (NYSE: AEO) plunged nearly 13% on Nov. 30 after the apparel retailer posted soft guidance for the holiday quarter. During the third quarter, American Eagle’s revenue roseĀ 2% annually to $940.6 million, comparable store sales improved 2%, and EPS grew 17% to $0.41 per share. Both top and bottom line figures matched — but didn’t beat — analyst expectations. American Eagle’s operating expenses fell, while both gross and operating margins improved.

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