Aeropostale Inc. (ARO) Wednesday reported an increase in profit for the third quarter, helped mainly by higher revenues and better margins. Aeropostale's earnings and revenues for the quarter also came in ahead of Wall Street estimates.
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Nevertheless, shares of the apparel retailer
fell 7% in extended trade, after detailing a weak fourth-quarter earnings outlook which is expected to miss current Street expectations.
For the fourth quarter, Aeropostale expects adjusted earnings of $0.36 to $0.41 per share. Analysts polled by Thomson Reuters currently expect earnings of $0.54 per share for the period. Analysts' estimates typically exclude one-time items.
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