UPDATE: Aeropostale Posts 3.5% Rise In Q3 Profit, Issues Downbeat Q4 Forecast
Aeropostale (NYSE: ARO) reported a 3.5% rise in its fiscal third-quarter earnings and issued downbeat forecast for the current quarter.
Aeropostale expects current quarter earnings of $0.36 to $0.41 per share, versus analysts' estimates of $0.54 per share.
Aeropostale's quarterly profit increased to $24.9 million, or $0.31 per share, from $24.1 million, or $0.30 per share, in the year-ago period. The company in August expected earnings of $0.25 to $0.30 per share.
Its net sales climbed 1.6% to $605.9 million, versus analysts' estimates of $600.4 million.
Aeropostale's gross margin rose to 27.9% from 27.1%.
Aeropostale shares dropped 7.58% to $13.05 in after-hours trading.
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