American Eagle Profit In Line, Weak Q4 Earnings Guidance; Stock Down 4%

(RTTNews) - Teen clothing retailer American Eagle Outfitters Inc (AEO) Thursday reported third-quarter net earnings of $9 million or $0.05 per share compared with $24.9 million or $0.13 per share last year.

Excluding items, adjusted earnings for the quarter were $0.22 per share compared with $0.19 per share a year ago.

Revenues for the quarter were $854 million compared with $857 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.22 per share on revenues of $846 million for the quarter. Analysts' estimates typically exclude special items.

Comparable sales for the quarter slid 5%.

For the fourth quarter, the company expects earnings of $0.30 to $0.33 per share, citing a slight decline in revenue and a mid single-digit drop in comparable sales. Analysts expect earnings of $0.35 per share.