American Eagle Outfitters tops 1Q earnings and revenue expectations

MarketsAssociated Press

American Eagle Outfitters Inc. (AEO) on Wednesday reported fiscal first-quarter net income of $29.1 million.

On a per-share basis, the Pittsburgh-based company said it had profit of 15 cents.

Continue Reading Below

The results beat Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.

The teen clothing retailer posted revenue of $699.5 million in the period, also exceeding Street forecasts. Twelve analysts surveyed by Zacks expected $688.6 million.

For the current quarter ending in July, American Eagle expects its per-share earnings to range from 11 cents to 14 cents.

American Eagle shares have climbed 13 percent since the beginning of the year. The stock has increased 31 percent in the last 12 months.

_____

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

_____

Keywords: American Eagle Outfitters, Earnings Report