Teens Are Wind Beneath Eagle’s Wings

Teens Are Wind Beneath Eagle’s Wings
Teens Are Wind Beneath Eagle’s Wings : Fortunately, investors shopped for the shares of American Eagle Outfitters on Wednesday after the company reported excellent fourth-quarter earnings.
Profit for the Pittsburgh-based retailer jumped 81% to $ 59.3 million, or 28 cents a share, up from $ 32.7 million, or 16 cents a share, in the same period a year ago. Except for one time charges related to weakness of the company’s 28 stores play a Martin + Osa, which the company intends to close, and American Eagle Outfitters (AEO – news – people) earned 33 cents per share, matching estimates of analysts polled by Thomson Reuters.Sales for the period ending on January 30 came to $ 972 million, an increase of 7% to $ 905.7 million in the fourth quarter of 2008, beating the street sales of $ 966.1 million forecast. Same-store sales, a key indicator of retail performance, and jumped by 5% in the quarter.