American Eagle Outfitters beats 2Q profit and revenue expectations

Markets Associated Press

American Eagle Outfitters Inc. (AEO) on Wednesday reported fiscal second-quarter net income of $33.3 million.

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The Pittsburgh-based company said it had profit of 17 cents per share.

The results exceeded Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share.

The teen clothing retailer posted revenue of $797.4 million in the period, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $762.4 million.

For the current quarter ending in November, American Eagle expects its per-share earnings to range from 28 cents to 31 cents.

American Eagle shares have risen 32 percent since the beginning of the year. The stock has increased 64 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AEO at http://www.zacks.com/ap/AEO

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Keywords: American Eagle Outfitters, Earnings Report