- Nov. 17: #38; vol. 4.5M +22%
** charts after earnings **
American Eagle beats by $0.20, beats on revs
- Reports Q3 (Oct) earnings of $0.42 per share, $0.20 better than the S&P Capital IQ Consensus of $0.22; revenues fell 2.6% year/year to $1.24 bln vs the $1.21 bln S&P Capital IQ Consensus.
- Outlook
- For the fourth quarter, the company is guiding brand revenue down in the mid single digits, and expects brand comps to be consistent with the third quarter.
- The company is also guiding fourth quarter gross margin in the range of 32% to 33%, at the higher end of previous guidance.
- While significant progress has been made in right-sizing inventory, management is taking a cautious view given what is likely to be a highly promotional Holiday season.
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