UPDATE: American Eagle Posts Drop In Q4 Profit, Issues Downbeat Profit Outlook
American Eagle Outfitters (NYSE: AEO) reported a drop in its fiscal fourth-quarter profit.
American Eagle's quarterly profit declined to $10.5 million, or $0.05 per share, versus a year-ago profit of $94.8 million, or $0.47 per share.
Its sales slipped 7% to $1.04 billion versus $1.12 billion, while comparable sales dropped 7%. Excluding special items, its adjusted profit came in at $0.27 per share, versus analysts' estimates of $0.26 per share.
American Eagle expects Q1 per-share earnings to break even, versus analysts' estimates of $0.13 per share.
American Eagle shares fell 6.69% to $13.26 in pre-market trading.
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