American Eagle Outfitters Reiterates Q4 Guidance, But Shares Fall

By Tonya Garcia Markets MarketWatch Pulse

American Eagle Outfitters Inc. shares were down 4.8% in Thursday premarket trading despite reiterating its fourth-quarter earnings per share guidance. The fourth-quarter announcement came in the wake of warnings from both Macy's Inc. and Kohl's Corp. , with both retailers announcing weak holiday sales late Wednesday. Macy's also announced thousands of job cuts and store closures. American Eagle Outfitters said fourth-quarter earnings are expected to be within the range of 37 cents and 39 cents, consistent with previous guidance, and announced flat same-store sales for the quarter. American Eagle Outfitters shares are down 2.8% for the previous 12 months while the S&P 500 index is up 12.6% for the same period.

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