Aeropostale Jumps 15% After It Cuts Loss Forecast

Aeropostale Inc. shares jumped 15% in after-hours trading on Monday after the teen retailer narrowed its fourth-quarter loss forecast. The company projected a loss of 1 cent to 6 cents a share, compared to its prior outlook of a loss of 25 cents to 31 cents a share. Aeropostale said the holiday quarter same-store sales fell 9% after a 15% decrease a year earlier. Analysts surveyed by Retail Metrics were looking for an 8.8% decline. Aeropostale said it named Chief Financial Officer Marc Miller as chief operating officer. David Dick, former CFO of now bankrupt teen retailer Delia's, will join as CFO on Feb. 17.