American Eagle Raises EPS And Comparable Store Sales Guidance (AEO)

This morning, American Eagle

raised its third quarter guidance and expects earnings from continuing operations to a range of $0.27 to $0.28 per diluted share from prior guidance of $0.23 to $0.26 per diluted share and comparable store sales of flat to slightly positive, reflecting conservative traffic during the non-peak selling period of October. During the current trading session, AEO shares have surged 8% to $16.22. Volume has been very heavy with nearly 7 million shares trading hands compared to a daily average of 5.26 million.