Saturday, May 26, 2012
American Eagle shares fall early after outlook
Photo: American EagleAmerican Eagle Outfitters Inc's tepid profit forecast for the year overshadowed a bigger quarterly profit that came on higher sales from a new line of clothes. The retailer, whose prices are between those of high-end rival Abercrombie & Fitch Co more affordable Aeropostale Inc, said on Wednesday it would earn between $1.16 and $1.22 a share in the year after adjusting for losses from its 77kids unit. Analysts, on average, expected earnings of $1.18 per share, according to
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