American Eagle Dipping on Post-Earnings (AEO)

Posted in General 
August 26th, 2008

American Eagle Outfitters (NYSE: AEO) posted earnings ahead of estimates at $0.29 EPS vs. $0.28 estimates, but the good news pretty much stops there.  The apparel retailer guided next quarter earnings to $0.31 to $0.36 EPS vs. $0.39 estimates.  Unfortunately its same store sales were down 9% in the quarter and so far are running down 6% for the month.  Shares are now firmly indicated lower with more than 70 minutes to the market open as shares have traded 42,000 shares and the last trade seen was down over 3.6% at $13.24.  Its 52-week trading range is $11.87 to $27.29.

JON OGG
August 26, 2008

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